Shares of FTCH are trading 16% higher today. Is there a catalyst?

Shares of Farfetch Ltd Cl A (FTCH) are trading 16% higher at a price of $9.1 at the time of this writing. While it's a mildly optimistic day for the Consumer Discretionary sector in general, the stock is rapidly outpacing it's peers.

A likely catalyst for the price move is traders taking positions in preparation for the upcoming earnings call on August 25.

- Aaron Wealth Advisors LLC Invests $473,000 in Farfetch Ltd (NYSE:FTCH)
- Farfetch will release its earnings data after the market closes on Thursday, August 25th.
- Analysts expect Farfetch to post earnings of ($0.26) per share for the quarter.

Farfetch Ltd Cl A has been trading between a 52-week high of $47.3 and a 52-week low of $6.52. The stock has a market cap of $3.08 Billion.

Farfetch Limited is the leading global platform for the luxury fashion industry. Founded in 2007 by José Neves for the love of fashion, and launched in 2008, Farfetch began as an e-commerce marketplace for luxury boutiques around the world. Today the Farfetch Marketplace connects customers in over 190 countries with items from more than 50 countries and over 1,300 of the world's best brands, boutiques and department stores, delivering a truly unique shopping experience and access to the most extensive selection of luxury on a single platform.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Leaverast - 1 upvotes - source
$Ftch is trend