eBay Inc. (EBAY) is currently at $48.34, down $4.91 or 9.22%


-- Would be lowest close since June 19, 2020, when it closed at $48.29

-- On pace for largest percent decrease since July 19, 2018, when it fell 10.12%

-- Earlier Thursday, Morgan Stanley cut its price target on eBay to $57.00/share from $62.00/share, Benzinga reported

-- With this quarter, the company has begun treating its classified ads business as a discontinued operation pending the closing of the sale of that unit to Adevinta. That transaction remains on track to close in the 2021 first quarter. Adjusted for the reclassification, eBay had projected revenue for the quarter of $2.38 billion to $2.45 billion, with non-GAAP profits of 68 to 74 cents a share, implying a top- and bottom-line beat. However, the Wall Street consensus estimate seems unadjusted for the sale of the classified's unit, at $2.7 billion and 86 cents a share. As a result, it will appear to some investors that results missed expectations. (The company's original guidance called for revenue of $2.64 billion to $2.71 billion and non-GAAP profits of 81 to 87 cents a share.), Barron's reported

-- Currently down three of the past four days

-- Currently down two consecutive days; down 9.73% over this period

-- Worst two day stretch since the two days ending March 23, 2020, when it fell 11.01%

-- Down 7.22% month-to-date; on pace for worst month since March 2020, when it fell 13.22%

-- Up 33.87% year-to-date; on pace for best year since 2012, when it rose 68.14%

-- Down 18.44% from its all-time closing high of $59.27 on July 10, 2020

-- Up 37.13% from 52 weeks ago (Oct. 31, 2019), when it closed at $35.25

-- Down 18.44% from its 52-week closing high of $59.27 on July 10, 2020

-- Up 83.52% from its 52-week closing low of $26.34 on March 23, 2020

-- Traded as low as $48.09; lowest intraday level since Sept. 21, 2020, when it hit $47.73

-- Down 9.69% at today's intraday low; largest intraday percent decrease since March 16, 2020, when it fell as much as 10.03%

-- Worst performer in the S&P 500 today

-- Worst performer in the Nasdaq 100 today

-- Third most active stock in the Nasdaq 100 today


All data as of 10:32:30 AM


Source: Dow Jones Market Data, FactSet


(END) Dow Jones Newswires

October 29, 2020 10:58 ET (14:58 GMT)

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