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Weakness Seen in Etsy, Inc. (ETSY): Stock Tumbles 11% - Tale of the Tape

Etsy, Inc. ( ETSY ) saw a big move last session, as the company's shares fell by 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for ETSY as the stock is now up around 47% since Jul 2.

This slump shouldn't be too much of a surprise to investors, as the e-commerce service provider has seen 2 negative revisions in the past and its current year earnings consensus has moved lower over the last 60 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

ETSY currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the internet services sector is LendingClub Corporation ( LC ), which currently carries a Zacks Rank #1 (Strong Buy).

Is ETSY going up? Or down? Predict to see what others think: Up or Down

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ETSY INC (ETSY): Free Stock Analysis Report

LENDINGCLUB CP (LC): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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