Ebay Inc. Stock Falls Wednesday, Underperforms Market
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Shares of eBay Inc. (EBAY) slipped 4.40% to $38.06 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 2.50% to 3,759.69 and Dow Jones Industrial Average falling 1.55% to 32,147.76. This was the stock's third consecutive day of losses. eBay Inc. closed $38.94 below its 52-week high ($77.00), which the company achieved on November 4th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Amazon.com Inc. (AMZN) fell 4.82% to $92.12, Walmart Inc. (WMT) fell 0.66% to $140.75, and Costco Wholesale Corp. (COST) fell 3.29% to $483.51. Trading volume (8.4 M) eclipsed its 50-day average volume of 5.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 2, 2022.
(END) Dow Jones Newswires
November 02, 2022 16:51 ET (20:51 GMT)
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