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Why Etsy Shares Popped Today

TheMotleyFool

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Shares of Etsy (NASDAQ: ETSY) were climbing the charts today after the artisan-based online marketplace issued a business update about the coronavirus that investors interpreted positively. The company touted strong sales growth through the first quarter and said its balance sheet and business model were well-positioned for the current crisis.

As of 11:33 a.m. EDT, the stock was up 8.7%.

Image source: Etsy.

Source Fool.com

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