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Farfetch Limited (FTCH)

NYSE - Nasdaq Real-time price. Currency in USD
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9.43+0.78 (+9.02%)
At close: 04:00PM EDT
9.30 -0.13 (-1.38%)
After hours: 07:48PM EDT
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    Why Farfetch Stock Dived by Almost 8% Today

    Luxury-goods retail-platform operator Farfetch Limited (NYSE: FTCH) had quite the Memorial Day hangover on Tuesday, with its stock tumbling by almost 8%. Farfetch and Neiman Marcus Group -- the owner of the storied Neiman Marcus chain of high-end department stores -- announced that the former is making an equity investment in the latter. The two companies didn't specify what percentage of Neiman Marcus Group's equity this constitutes.