From StockStory.org does not appear to be associated with any specific media company.:

Shares of online marketplace Etsy (NASDAQ:ETSY) jumped 5.1% in the afternoon session after the Bureau of Labor Statistics provided a revised inflation reading for December 2023, which came in lower than expected (+0.2% m/m versus the prior reading of +0.3%). Additionally, the Nasdaq rose 1.2% and the S&P 500 gained 0.57% to end another strong week of earnings with positive results from most of the big tech stocks.

In the market, Etsy’s shares are very volatile and over the last year have had 16 moves greater than 5%. The recent big move is an indication of the market considering it meaningful, but not something that would fundamentally change its perception of the business. Etsy is down 3.7% since the beginning of the year.

Etsy saw a significant increase in their stocks following the report by CNBC of Elliott Investment Management building a 13% in the company. In the wake of the report, Etsy announced the appointment of Marc Steinberg, Partner at Elliott Investment, to its Board, effective February 5, 2024. Steinberg oversees public and private equity investments across various sectors, including technology, media, and telecommunications. He serves on the boards of directors of Pinterest, Nielsen Holdings, Syneos Health, and Cubic.



Read more: Why Is Etsy (ETSY) Stock Rocketing Higher Today