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Etsy Inc. (ETSY) Leaped To A New High After Guidance Increase

Etsy Inc. (ETSY) has increased its full year revenue growth forecast to between 32% and 34%, up from prior expectations of 22% to 24% growth.

Etsy gapped up sharply Thursday and climbed until mid-morning, before profit taking set in. The stock ended the day with a gain of 8.66 at $41.65 on the highest volume of the year. Etsy jumped to a new high for the year.

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