Canada markets open in 2 hours 43 minutes
  • S&P/TSX

    20,700.50
    +100.90 (+0.49%)
     
  • S&P 500

    4,060.43
    +44.21 (+1.10%)
     
  • DOW

    33,949.41
    +205.57 (+0.61%)
     
  • CAD/USD

    0.7506
    -0.0001 (-0.01%)
     
  • CRUDE OIL

    82.37
    +1.36 (+1.68%)
     
  • BTC-CAD

    30,589.78
    -197.75 (-0.64%)
     
  • CMC Crypto 200

    520.23
    -6.96 (-1.32%)
     
  • GOLD FUTURES

    1,930.70
    +0.70 (+0.04%)
     
  • RUSSELL 2000

    1,903.06
    +12.75 (+0.67%)
     
  • 10-Yr Bond

    3.4930
    0.0000 (0.00%)
     
  • NASDAQ futures

    12,046.00
    -60.75 (-0.50%)
     
  • VOLATILITY

    18.86
    -0.22 (-1.15%)
     
  • FTSE

    7,774.28
    +13.17 (+0.17%)
     
  • NIKKEI 225

    27,382.56
    +19.81 (+0.07%)
     
  • CAD/EUR

    0.6896
    +0.0005 (+0.07%)
     

Why Farfetch Is Plunging Hard Today

Why Farfetch Is Plunging Hard Today

Shares of Farfetch (NYSE: FTCH) were plunging 23.6% in afternoon trading on Thursday after the online luxury fashion marketplace filed a business update with the Securities & Exchange Commission. Farfetch said it will host a Capital Markets Day with financial analysts and institutional investors today that will discuss in greater depth the company's strategic growth plan. On the surface, the guidance Farfetch shared wouldn't seem to warrant the collapse in its share price.