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Why Etsy Stock Climbed 15% in the First Half of 2021

TheMotleyFool

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Why Etsy Stock Climbed 15% in the First Half of 2021

Etsy's (NASDAQ: ETSY) stock price was choppy to start the year, but finished the first half of 2021 up 15.7%, according to data provided by S&P Global Market Intelligence.

The shares entered June slightly down on the year, but investors turned bullish after Etsy announced it was acquiring Depop and Brazil-based Elo7. These deals are part of management's strategy to build a "House of Brands" portfolio to connect consumers with more sellers and, in the case of Elo7, expand its reach to more geographic regions.