Market Activity

Stock not to be skipped: eBay Inc. (EBAY)

Shares of eBay Inc. (NASDAQ: EBAY) are trading more than 43% lower than their 52-week highs. This is one of the lowest rates seen in the previous five years. The general issue is putting pressure on eBay prices, as visitors revert to established retailers. However, the trend toward more online buying should benefit eBay’s long-term prospects. eBay’s business strategy enables it to remain profitable while also remaining more flexible in its decision-making. The platform does not have its own inventory for online sales or delivery services. Instead, the firm serves as a conduit between buyers and sellers. As a consequence,

Equity News

eBay Inc. (EBAY) Stock Tumbling in Pre-Market, Here’s Why

eBay Inc. (EBAY), a company that operates platforms for connecting buyers and sellers across the globe, has slid 10.22% in the pre-market trading session. Consequently, the stock is trading at $49.01 at the time of the writing. During Wednesday’s mid-day session, the stock declined by 1.02% and closed the day at $1.02. The stock slumped after the announcement of financial results, which depicted a bleaker outlook for the company. Q4 and FY 2021 Results On Wednesday, EBAY released the results for Q4 2021 and FY 2021. The total revenue generated during the three months of Q4 2021 was $2.6 billion, an increase