Ebay Inc. (EBAY) plunges

EBay Inc's (EBAY - FusionIQ Technical Rank - 16) shares fell more than 13 today after its cautious near-term outlook led to downgrades by several Wall Street analysts.  EBay's caution reflected concern about a weak U.S. economy and changes it has been making to its auction business.  Analysts at Merrill Lynch and Goldman Sachs cut eBay to "Neutral" from "Buy," while Lehman and Jefferies both lowered their price target for the online auction house. 

 

Given its low FusionIQ rating prior to the comments FusionIQ users would not have been invested in EBAY as stocks ranked below 60 are considered bad investment opportunities.



Comments
Leave a comment
Name
Email Address
URL
Remember personal info?
Comments
Blog Home
AiDoge
RSS Feed
Categories
Barron's
Breakouts/Breakdowns
ChartWatch
Company in the News
Earnings
Equity Timing Signals (Buy/Sell)
Index Study
Market Data
Media
New Highs
Sector Group Rankings
Short Squeeze Screen
Stock Analysis
Total Stocks Rankings
Archives
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007