Growth stocks can deliver astonishing returns for long-term investors but some of these same investments can crash and burn. These equities may have looked promising a few years ago. However, growth stocks often lose their charm upon significant revenue deceleration or no path to meaningful profits. These stocks are more volatile than the rest of the stock market, so it is important to stay on top of them. Investors holding any of these growth stocks may be making their capital vulnerable to downward moment ...

Etsy (ETSY) shares soared 9.1% in the last trading session to close at $72.62. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.9% loss over the past four weeks.Etsy extended its rally, driven by the latest appointment of Marc Steinberg, partner at Elliott Management, to its board. Marc Steinberg becomes the largest shareholder in Etsy as Elliott Investment Management holds 13% stake in the company.This online crafts marketplac ...

Key TakeawaysThe S&P 500 added 1.3% on Thursday, Feb. 1, 2024, with strong earnings helping stocks recover after Wednesday's Fed meeting suggested an uncertain path ahead.Activity by activist investors helped shares of Etsy Inc. and Norfolk Southern Corp. post solid gains.Shares of Zions Bancorporation and other regional lenders moved lower amid renewed concerns about the health of the banking industry.Major U.S. equities indexes advanced on Thursday, changing course from declines the previous day after the ...

Key TakeawaysOnline marketplace Etsy Inc. said Thursday that it had appointed Elliott Investment Management partner Marc Steinberg to its board.The move came after Elliott became a "sizable investor" in the online marketplace. CNBC reported that the firm now holds a 13% stake in the company.Shares of Etsy rose Thursday on the news but remained squarely in negative territory over the past year.Etsy Inc. (ETSY) shares took off Thursday as the online marketplace appointed a partner from Elliott Investment Mana ...

E-commerce specialist Etsy (NASDAQ:ETSY) — which focuses on handmade or vintage items and craft supplies — saw its shares pop higher on activist investing news. Specifically, Elliott Management partner Marc Steinberg will join the company’s board of directors. In addition, the activist firm disclosed a “sizable” investment in ETSY stock, which could also benefit from bullish speculation.According to CNBC, Elliott built a roughly 13% position in ETSY stock, per a person familiar with the matter. This economi ...

Investors bought up shares of Etsy Inc. on Thursday after the online crafts marketplace added to its board of directors a partner of hedge fund Elliott Investment Management L.P., which recently acquired a “sizable” stake in the company.Etsy said Marc Steinberg, who is responsible for public- and private-equity investments at Elliott, has been appointed to the board, effective Feb. 5, and will also join the board’s audit committee.“Etsy has a highly differentiated position in the e-commerce landscape and a ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Activist investors are coming for Etsy.Elliott Management, the investment management firm known for its aggressive governance tactics, has built a roughly 13% position in Etsy’s stock, CNBC reports — a mix of shares and options. It makes Elliott Etsy’s largest investor after Vanguard, which has an 11% share, and the asset management giant BlackRock (5%).And — as of today — Elliott has representation on Etsy’s board of directors. The company announced this morning that Marc Steinberg, an Elliot partner, will ...

Shares of handmade goods e-commerce platform Etsy (ETSY 9.26%) popped on Thursday after the company announced that Marc Steinberg is joining the board of directors on Feb. 5. Steinberg is a partner with activist investor fund Elliott Investment Management and serves on multiple boards of directors, including the board for publicly traded company Pinterest. As of 10 a.m. ET, Etsy stock was up about 10%.Elliott's involvement with EtsyActivist investors often force their way onto a company's board by buying a ...

In this articleEtsy Sellers Market in Times Square celebrating Etsy's celebration going IPO at Nasdaq on April 16, 2015 in New York City.Activist investor Elliott Management has a "sizable" investment in e-commerce firm Etsy, which announced on Thursday that Elliott partner Marc Steinberg would join the company's board.The activist investor has built a roughly 13% position in the stock, a person familiar with the matter told CNBC.Etsy shares shot up more than 10% on the news. Elliott and Etsy have been meet ...