Etsy (ETSY) Shares are Up 4.94%

Etsy (ETSY) : Traders are bullish on Etsy (ETSY) as it has outperformed the S&P 500 by a wide margin of 43.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.88%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.94% in the last 1 week, and is up 44.65% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 25.08% and the 50-Day Moving Average is 39.34%. Etsy (NASDAQ:ETSY): On Fridays trading session , Opening price of the stock was $14.42 with an intraday high of $14.69. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $14.31. However, the stock managed to close at $14.45, a loss of 0.34% for the day. On the previous day, the stock had closed at $14.5. The total traded volume of the day was 1,130,060 shares.


The company Insiders own 11.1% of Etsy shares according to the proxy statements. Institutional Investors own 46.11% of Etsy shares. Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, maintains their rating on the shares of Etsy (NASDAQ:ETSY). Goldman Sachs has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $14 per share from a prior target of $11. The rating by the firm was issued on August 3, 2016.

Etsy, Inc. operates a marketplace where people connect, both online and offline, to make, sell and buy goods. The Company operates at the center of macroeconomic trends in online and mobile commerce, employment, consumption and manufacturing. Its sellers offer goods in online retail categories, including jewelry, stationery, clothing, home goods, craft supplies and vintage items. The Company supports a range of artists, makers, designers and collectors. The Companys community is made up of entrepreneurs who sell on its platform, consumers looking to buy goods in its marketplace, manufacturers who help its sellers grow their businesses and its employees who maintain its platform. The Company offers a range of services for its sellers, which include promoted listings, direct checkout and shipping labels. It also provides a range of tools for its buyers, including communication, search and discovery and mobile.

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