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Stock Alert: Farfetch Nearing 52-week High

Shares of online marketplace for luxury goods Farfetch Limited (FTCH) are climbing more than 9% Thursday morning ta $21.57, close to its 52-week high of $22.11. The stock had a 3-fold jump in recent months.

US stocks are rising on Thursday, and the Nasdaq Composite touched a new record high, particularly helped by tech stocks.

In the first quarter ended March 3, Farfetch had revenue growth of 90%, helped by 30.6% growth in Digital Platform Services.

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