Shares of Etsy Inc. fell nearly 7% in midday trade Tuesday, snapping a six-day winning streak, the longest in the company’s brief history as a public company. Its shares traded around $16.18 in afternoon trade on relatively normal volume, pushing them down more than 22% on the month, versus flat performance for the broader S&P 500. The craft-goods e-commerce company went public on May 20 at $16 a share. On Aug. 4, it reported weaker-than-expected quarterly earnings, triggering a greater-than 28% share-price slide in a single trading session.
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