I Might Sell My Etsy Shares. Here's Why.
Etsy (NASDAQ: ETSY) shareholders have been on a roller coaster over the past few years. In just over three years, Etsy's stock has gone from $40 to nearly $300 before dropping to its current $125 share price. This rapid movement isn't uncommon as multiple stocks have seen the same rise-and-fall action since 2020.
However, recent business trends have me wondering if I should sell my Etsy shares. A few key indicators are moving in the wrong direction, and 2023 may not be an easy year for the company. So let's dig in and see if Etsy shares are worth holding on to now.
Etsy is the market leader for customized goods. Whether you want a custom neon sign with your name, a handcrafted leather bag, or a unique t-shirt, an Etsy seller likely has you covered. Etsy's popularity exploded during the pandemic, with its active buyers nearly doubling in three years.
Source Fool.com
