Etsy's stock market performance has experienced quite a fluctuation, making investors cautious and skeptical. Etsy's stock hit a
52-week low several times, amid changing market conditions. The e-commerce company has witnessed
large share sales by entities like Daiwa Securities Group Inc and Swiss National bank, yet it also attracted new acquisitions and increased stakeholdings by firms such as Public Sector Pension Investment Board and Principal Financial Group Inc. Despite mixed
Q3 results with an earnings miss but revenue beat, the company's board has approved a
$1 bln share repurchase. It's also stated to present at
3 Major Investment Conferences in November. However,
Goldman Sachs downgraded the Etsy stock to Sell, increasing the market's uncertainty.
Elliot Management's optimism for Etsy's stock stands as slightly opposing market sentiment. It's noteworthy that several shareholders have incurred considerable losses from their investment three years ago.
Etsy Stocks News Analytics from Wed, 01 May 2024 07:00:00 GMT to Sat, 30 Nov 2024 08:17:39 GMT -
Rating 0
- Innovation -5
- Information 6
- Rumor -7
