| Previous close | 4.7000 |
| Open | 4.7000 |
| Bid | 5.3000 |
| Ask | 5.4000 |
| Strike | 7.50 |
| Expiry date | 2024-01-19 |
| Day's range | 4.7000 - 4.7000 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
- Yahoo Finance Video
Farfetch considers going private, Shopify downgrade: Stocks
Shares of luxury e-commerce site Farfetch (FTCH) take off amid a Telegraph report stating the company is considering going private, exiting its turbulent New York Stock Exchange tenure that saw a 90% value decline since its 2018 IPO. Although Shopify (SHOP) achieved $9.3 billion in record Cyber Weekend sales, up 24% year-over-year, Piper Sandler downgraded the stock from "Neutral" to "Underweight." Despite the company's success, analysts cut targets due to what they deemed an "untenable" valuation. Yahoo Finance's Josh Lipton and Julie Hyman break down the details of these trending tickers. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
ReutersRichemont monitoring situation at online luxury retailer Farfetch
Cartier-jewellery owner Richemont on Wednesday said it was "carefully monitoring" the situation after Farfetch's founder said he was considering taking the online luxury retailer private. Richemont, which also owns several Swiss watch brands, said it has no financial obligation to Farfetch and does not envisage lending or investing into the company. "Richemont is carefully monitoring the situation, including reviewing its options in respect of its arrangements with Farfetch, announced on 24 August 2022, which remain subject to certain terms and outstanding conditions," the company said.
- Reuters
UPDATE 1-Richemont monitoring situation at online luxury retailer Farfetch
Cartier-jewellery owner Richemont on Wednesday said it was "carefully monitoring" the situation after Farfetch's founder said he was considering taking the online luxury retailer private. Richemont, which also owns several Swiss watch brands, said it has no financial obligation to Farfetch and does not envisage lending or investing into the company. "Richemont is carefully monitoring the situation, including reviewing its options in respect of its arrangements with Farfetch, announced on 24 August 2022, which remain subject to certain terms and outstanding conditions," the company said.
