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Why Etsy, Inc. Stock Is Up 24% This Year

TheMotleyFool

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Why Etsy, Inc. Stock Is Up 24% This Year

Shares of crafty online marketplace Etsy, Inc. (NASDAQ: ETSY) have moved higher this year as the stock spiked on interest from activist investors. As of July 19, the stock has gained 24%, according to data from S&P Global Market Intelligence.

Image source: Etsy.

As the chart below shows, you can see the stock dropped on its first-quarter earnings report at the end of February, but then surged when activist investors took a stake in May.

Source: Fool.com