With Record Earnings, Again, Why Isn't Etsy Stock Popping?
As shopping went digital, Etsy (NASDAQ: ETSY) was one of the pandemic's biggest winners. Millions discovered the online marketplace that connected artisans making customized, handmade goods with creative buyers.
Not surprisingly, Etsy was one of the biggest growth stocks, gaining more than 300% in 2020. The stock had been on a similar trajectory this year until the earnings report came out last week. Shares are down nearly 13% since, however the big question is, why did the stock drop?
Business-wise, everything for the first Etsy posted its third consecutive quarter of year-over-year triple-digit sales and gross merchandise sales (GMS) growth, and it's gotten higher each time.
Source Fool.com
