Etsy Stock Jumps on Praise from Elon Musk After He Buys a Gift For His Dog.

Know the Tech.
January 27, 2021





 The shares of American e-commerce website Etsy jumped 11% in premarket trading on Tuesday after billionaire Elon Musk praised the website. "I kinda love Etsy...Bought a hand-knit wool Marvin the Martian helm for my dog," Musk had tweeted and also shared pictures of his purchase. Separately, Jefferies Group raised its price target on the stock to $245 from $205.