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Here's Why Etsy Stock Was Up 25% in May

TheMotleyFool

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Shares of e-commerce company Etsy (NASDAQ: ETSY) were 24.8% higher in May, according to data provided by S&P Global Market Intelligence. And it's simple to explain the stock's return. The company started the month by reporting earnings. But it also provided second-quarter guidance based on sales trends, and it expects revenue to almost double from last year.

Lately, Wall Street is fond of e-commerce stocks because the COVID-19 pandemic pushed a lot of economic activity online. Etsy's results validate the thesis, and its stock is far outpacing the return of the market averages in 2020 as a result.