Benzinga | Nov 16, 2021 03:33PM EST

Why Etsy Shares Are Rising

Shares of several companies in the retail space, including Etsy Inc (NASDAQ:ETSY) are trading higher following stronger-than-expected October retail sales.

Shares of Etsy are trading higher by 18% in November. The stock has seen marked strength after the company reported better-than-expected third-quarter EPS and sales results and issued third-quarter guidance on November 3.

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Etsy is an American retailer of handmade goods, vintage items, and crafted goods. The business model is based on sellers listing products on Etsy's platform. Etsy's product categories are clothing & accessories, jewelry, craft supplies & tools, wedding accessories & clothing, entertainment items, home & living, vintage items and child & baby goods.

Etsy has a 52-week high of $290.78 and a 52-week low of $120.50.