Why Etsy Stock Climbed 12% in January
Shares of Etsy (NASDAQ: ETSY) gained 11.9% in value last month, according to data provided by S&P Global Market Intelligence. In January, Adobe Analytics released holiday sales data, showing that e-commerce generated two years' worth of growth.
The holiday shopping season drove online sales up 32% over 2019, which is obviously good news for Etsy, which benefited tremendously from the accelerated shift to online shopping during the pandemic.
Image source: Getty Images.
Source Fool.com