Here's Why Etsy Stock Skyrocketed 69% in April

Shares of Etsy (NASDAQ: ETSY) rose 68.8% in April, according to data provided by S&P Global Market Intelligence. After a big drop in March, shareholders can thank a broad market recovery for contributing to April's gain. For its part, Etsy kicked off the month with a fireside-chat business update, communicating a less dire situation than Wall Street initially feared. 

Etsy's stock price recovery is so profound that it has more than doubled from March lows and is now flirting with all-time highs.

Image source: Getty Images.

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Source Fool.com