We are looking at Etsy (Ticker: ETSY) today.
Shares of Etsy were up more than 9% on Friday. The company is benefiting from the work-from-home trend as people's appetite for do-it-yourself home decoration is higher than ever.
Investors are observing such a trend and are excited about the effect of the Corona economy on Etsy. According to TechCrunch, searches for wall decor or art have jumped 94% compared to the last year, and searches for paintings are up more than 54% in the previous three months.
Moreover, according to the company's investor presentation, the company sold more than 12 million face masks in April, representing 17% of the overall 100% growth in the company's total revenue in Q1. Investors can't hold off their excitement and keep buying Etsy's stocks.
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