Etsy (ETSY) : Traders are bullish on Etsy (ETSY) as it has outperformed the S&P 500 by a wide margin of 0.86% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.83%, 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 3.35% in the last 1 week, and is up 0.73% 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 0.14% and the 50-Day Moving Average is 19.07%.The 200 Day SMA reached 48.72%. Etsy, Inc. is up 43.88% in the last 3-month period. Year-to-Date the stock performance stands at 67.92%.
Etsy (NASDAQ:ETSY): After opening at $13.9, the stock dipped to an intraday low of $13.75 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.05 and the buying power remained strong till the end. The stock closed at $13.87 for the day, a gain of 0.65% for the day session. The total traded volume was 963,572. The stocks close on the previous trading day was $13.78.
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.