Etsy shares jump 11% after Musk praises it, shares pic of gift he bought for his dog

The shares of American e-commerce website Etsy jumped 11% in premarket trading on Tuesday after billionaire Elon Musk praised the website. "I kinda love Etsy...Bought a hand knit wool Marvin the Martian helm for my dog," Musk had tweeted and also shared pictures of his purchase. Separately, Jefferies Group raised its price target on the stock to $245 from $205.