eBay (EBAY) Shares Decline Following ChannelAdvisor Data
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Price: $51.47 +1.04%
Overall Analyst Rating:
NEUTRAL (
Up)
Dividend Yield: 2.3%
Revenue Growth %: +1.2%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 2.3%
Revenue Growth %: +1.2%
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eBay (NASDAQ: EBAY) declined Thursday, falling 7%. Earlier ChannelAdvisor released September comps data.
eBay’s September SSS came in at 1.1%, a decrease from August’s 3.4% and well below the e-commerce growth rate of 15% as predicted by comScore.
"This is the lowest rate we have seen since February 2011. Note: we said the same last month and it’s true again this month. The next lowest period was December 2010 which was -1.7% y/y which is the next ‘low hurdle’ rate," said ChannelAdvisor.
Amazon’s (Nasdaq: AMZN) September SSS came in at 19.2%, a decrease compared to August’s 24.7%.
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