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Why Etsy Stock Soared Today

TheMotleyFool

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Shares of Etsy (NASDAQ: ETSY) soared on Monday, in what was perhaps a delayed reaction to positive quarterly earnings reported last week. As of 3:30 p.m. EST, Etsy stock was up 12%.

On Thursday afternoon after the market closed, Etsy reported fantastic results for the fourth quarter of 2020. However, the stock didn't do much in response, likely because of market sentiment that day. Many growth stocks sold off during this past week and struggled to find their legs even on Friday. Etsy seemed to be among the stocks in this crowd.

Image source: Getty Images.

Source Fool.com

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