Etsy Shares Continue Downward Trend

Shares of specialty online retailer Etsy Inc. (ETSY) are down 3 percent on Thursday's trading, continuing their downward trend since the past few days.

The stock has been negatively impacted by news that many sellers on the platform have gone on strike over higher transaction charges. According to reports, analysts also lowered the price target for the stock.

Currently at $114.01, the stock has traded between $109.38 and $307.75 during the past 52 weeks.

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