Farfetch Ltd (NYSE:FTCH) is a luxury e-commerce stock that was one of the biggest winners during the COVID-19 pandemic. In 2020, FTCH stock rallied by an impressive 495%. That momentum was interrupted in early 2021 on concerns that the Federal Reserve would eventually start raising interest rates.
The hit to FTCH stock has more to do with what’s been happening in the broader stock market—and investors’ concerns about rising interest rates and inflation—than with what’s been going on at Farfetch Ltd.
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