eBay, Inc. (NASDAQ: EBAY)
Hagens Berman Sobol Shapiro LLP alerts investors in eBay, Inc. (NASDAQ: EBAY) to the firm's investigation into possible disclosure violations.
If you purchased or otherwise acquired securities of eBay before October 19, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more infomation contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing EBAY@hbsslaw.com.
On October 19, 2018, an analyst reportedly downgraded eBay shares from Buy to Hold, cut the target from $43 to $35, and cited PayPal’s earnings release disclosing weak Q3 gross merchandise value (“GMV”) trends for eBay. This news drove the price of eBay shares down $2.80, or almost 9%, to close at $28.75 that day.
“We’re focused on investors’ losses, eBay’s upcoming earnings report and whether management may have made earlier statements about the Company’s business that could have been misleading,” said Hagens Berman partner Reed Kathrein.
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