Etsy jumps in premarket after Musk tweet

Etsy (ETSY.US), the US e-commerce company, has jumped in today's pre-market trading. Share price of the company received a boost following a tweet sent by Elon Musk. Musk tweeted "I kind love Etsy" and it was enough to send shares of the company 6% higher within minutes! Stock is likely to be actively traded during today's session therefore investors should expect higher volatility. According to the latest pre-market quotes, shares are set to launch Wall Street session at the $220 resistance zone, just slightly below recent all-time high.

Source: Twitter

Shares of Etsy (ETSY.US) dropped to the $209.50 support zone yesterday. However, thanks to a boost from Elon Musk, they are expected to launch today's trading near the $220 resistance zone. Source: xStation5