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Etsy Stock Tanks as Lockup Ends

NEW YORK (TheStreet) -- Etsy (ETSY) stock is falling by 10.14% to $7.53 in afternoon trading on Monday, as a lockup agreement for roughly 21.9 million shares expires today.

The stock is trading at its lowest level since its market debut on April 16 as early investors unload shares, Bloomberg reports. Shares are trading at less than half their initial public offering price of $16 and a fourth of the $30...