Etsy's Recent Sell-Off Isn't the End of the World
Etsy (NASDAQ: ETSY) has had a mixed year on the stock market. During the first half of 2019, the company's shares gained over 50%, but they have been dropping like a rock since July, now down almost 15% year to date. Etsy's latest earnings report -- released on Oct. 30 -- made things even worse as investors were apparently displeased with the company's overall performance during the third quarter.
Such challenges are somewhat typical of a growth stock, though, and it would be a mistake to read too much into Etsy's volatile price movement.
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Source Fool.com
