eBay Down Over 7%, On Pace for Largest Percent Decrease In Just Over a Year -- Data Talk
October 24 2019 - 12:14PM
Dow Jones News
eBay Inc. (EBAY) is currently at $36.24, down $2.97 or 7.56%
-- Would be lowest close since June 3, 2019, when it closed at
$35.62
-- On pace for largest percent decrease since Oct. 19, 2018,
when it fell 8.87%
-- On Wednesday, eBay posted a third-quarter net of $310
million, 57% lower than the same quarter last year. Adjusted
earnings rose to 67 cents a share from 56 cents a share a year
earlier
-- The company lowered its forecast for the December quarter,
which is typically bolstered by the holiday shopping season. EBay
said it expects to earn a profit of $1.97 to $2.02 a share on
$10.75 billion to $10.80 billion in revenue, compared with its
previous guidance of $1.97 to $2.07 a share in profit on $10.75
billion to $10.83 billion in revenue
-- Earlier Thursday, JPMorgan cut eBay's price target to $40
from $42. Wedbush slashed it to $36 from $38, while Bank of America
trimmed it to $42 from $45. Benzinga reported that four other firms
cut their price target on eBay and that Raymond James downgraded
the company to market perform from outperform
-- Currently down three of the past five days
-- Down 7.04% month-to-date; on pace for worst month since May
2019, when it fell 7.28%
-- Up 29.09% year-to-date; on pace for best year since 2012,
when it rose 68.14%
-- Up 29.13% from 52 weeks ago (Oct. 25, 2018), when it closed
at $28.06
-- Traded as low as $35.19; lowest intraday level since Feb. 8,
2019, when it hit $34.91
-- Down 10.23% at today's intraday low; largest intraday percent
decrease since July 19, 2018, when it fell as much as 10.59%
-- Fifth worst performer in the S&P 500 today
-- Worst performer in the Nasdaq 100 today
-- Seventh most active stock in the Nasdaq 100 today
All data as of 11:30:37 AM
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
October 24, 2019 11:59 ET (15:59 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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