Why Etsy Stock Keeps Going Up

Why Etsy Stock Keeps Going Up

Shares of online retailer of handmade goods and crafts Etsy (NASDAQ: ETSY) rose another 4% through 10:50 a.m. ET on Thursday. As stock markets awoke from their tryptophan coma on Monday, stock-watcher StreetInsider happily reported that Black Friday shopping levels set a new record last week, with shoppers online in particular spending more than $9.1 billion -- 2.3% more than last year. This morning, San Francisco investment bank BTIG commented that Etsy in particular seems to be doing better than expected.