Here's Why Etsy Stock Is Soaring on Thursday
Handmade and unique goods marketplace Etsy (NASDAQ: ETSY) was a major outperformer on Thursday. While the S&P 500 was modestly higher for most of the morning, Etsy's share price had skyrocketed 15% by 12:30 p.m. EDT.
Since we're in the middle of third-quarter earnings season, it shouldn't come as a big surprise that today's move in the e-commerce retail stock is earnings related. And while the stock initially slid after the results were released, it quickly reversed course once analysts and investors had time to digest the report.
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Source Fool.com
