EBay Stock Hit By Recent News Fallout: JPMorgan

By | June 17, 2014

Scalper1 News

Investor fallout from eBay’s unfinished repatriation of offshore cash, a hacker attack on eBay’s database and the recent departure of PayPal chief David Marcus caused JPMorgan to lower its EPS estimates and price target for eBay on Tuesday. “We believe that some of these recent events will weigh on operational performance in the near term — particularly the security breach — but they have been taken into account somewhat in the stock and we still Scalper1 News

Scalper1 News