Etsy (ETSY) in Focus: Stock Moves 5.2% Higher
Etsy, Inc. ETSY was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $47.98 –$55.74 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Etsy. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Etsy currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Etsy, Inc. Price
Investors interested in the Internet - Services industry may consider TiVo Corporation TIVO, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is ETSY going up? Or down? Predict to see what others think:Up or Down
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Click to get this free report
Etsy, Inc. (ETSY): Free Stock Analysis Report
TiVo Corporation (TIVO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research