Why Etsy Fell 21.2% in August
Shares of Etsy (NASDAQ: ETSY) dropped 21.2% in August, according to data from S&P Global Market Intelligence, as the market reacted to the vintage- and handmade-centric e-commerce site's second-quarter results.
To be sure, virtually all of Etsy's plunge came at the start of last month, with the stock down 20% in the two trading days after its quarterly update hit the wires. But that's not to say Etsy's performance looked bad at first glance.
IMAGE SOURCE: GETTY IMAGES.
Source Fool.com
