From Barchart:

Shares of Etsy (NASDAQ:ETSY) dropped 5.6% due to a second consecutive day of decline and a rise in yields, with the 10-year Treasury yield passing 4%. Market uncertainty is evident, but there is no specific reason for the downward move.

The stock market’s reactions can create opportunities, and now may be a good time to buy Etsy. The company’s shares are volatile, and the market doesn’t consider the recent news to be a fundamental change in its perception of Etsy’s business.

Etsy’s shares are currently trading 47.7% below their 52-week high, making it a potential investment opportunity. For timely explanations of stock movements, add Etsy to your StockStory watchlist.



Read more: Why Etsy (ETSY) Shares Are Trading Lower Today