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.



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