Etsy stock leaps toward biggest gain in 8 months, and 2-day gain of 14%
Shares of Etsy Inc. (ETSY) shot up 9.6% in midday trading Tuesday, which puts them on track for the biggest one-day gain in eight months, despite no news being released or disclosed by the online crafts marketplace. The rally comes a day after it bounced 3.7% off a six-week low. The stock, which was headed for its best one-day performance since it soared 16.1% on Nov. 10, 2022, according to Dow Jones Market Data, was trading 16.1% above the 11-month closing low of $81.05 on May 31. Etsy did not immediately respond to a request for comment. The stock has still lost 9.2% over the past three months while the Consumer Discretionary Select Sector SPDR exchange-traded fund (XLY) has run up 32.4% and the S&P 500 has advanced 15.3%.
-Tomi Kilgore
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
07-11-23 1210ET
Copyright (c) 2023 Dow Jones & Company, Inc.-
5 Stocks to Buy While They’re Trading at Big Discounts
-
Markets Brief: Tech Stocks Lead Ahead of Nvidia Earnings
-
How Anti-Obesity Drugs Are Innovating the Healthcare Market
-
What’s Happening In the Markets This Week
-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
Macy’s Earnings: Plan Taking Shape Despite Tough Environment
-
JPMorgan Investor Day: CEO Dimon Pushes Against More Stock Buybacks at Current Prices
-
Should You Buy and Hold an Artificial Intelligence Portfolio?
-
3 Cheap and Dependable Dividend-Growth Stocks to Buy
-
The Best Bank Stocks to Buy
-
After Earnings, Is Roblox Stock a Buy, Sell, or Fairly Valued?
-
After Earnings, Is Lyft Stock a Buy, a Sell, or Fairly Valued?
-
8 Stock Picks in the Apparel Industry