This Just In: Etsy Stock Upgraded
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope....
August 2019 was not a great month to own Etsy (NASDAQ: ETSY).
In one single day, Etsy shares lost more than 12% of their value after the company reported a sharp decrease in "service" revenue in its Q2 2019 earnings report. By early September, the selling had subtracted nearly 30% from Etsy's share price, and the stock remains 16% below its pre-earnings price today.
Source Fool.com
