On Tuesday, Shares of eBay Inc. (NASDAQ:EBAY), gained 0.11% to $28.60, hitting its lowest level.
Jefferies lowered its price target on eBay stock to $27 from $61. The firm maintained its “hold” rating.
The price target cut is meant to reflect the stand-alone eBay after PayPal (PYPL) began trading as a separate entity on Monday, Jefferies said in an analyst note.
eBay’s growth has been sluggish in the past six quarters.
In other news, EBay attained secondhand e-commerce marketplace Twice on Monday for an unrevealed sum, right away after the auction site’s split with PayPal, according to American City Business Journals.
EBay will take on some of Twice’s technology and 10 of its 40 full-time employees. EBay will integrate Twice’s technology into the eBay Valet assisted-selling service, which recently started selling used clothing.
The Twice website will shut down later this month. Twice had raised $23.1 million over three rounds from investors such as Jeff Jordan of Andreessen Horowitz, Great Oaks Venture Capital, IA Ventures, Felicis Ventures and Lerer Venture. American City Business Journals Reports.
eBay Inc. operates as a technology company that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise.
Shares of American Airlines Group Inc. (NASDAQ:AAL), inclined 0.86% to $40.90, during its last trading session.
American Airlines Group, will webcast a live audio feed of its second quarter 2015 financial results conference call with financial analysts and reporters on Friday, July 24, at 7:30 a.m. CDT.
The webcast will be accessible to the public on a listen-only basis at aa.com/investorrelations. An archive of the call will be accessible on the website through Aug. 24, 2015.
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers.
Finally, The Gap, Inc. (NYSE:GPS), ended its last trade with -1.81% loss, and closed at $36.93.
The Gap, stated that net sales for the five-week period ended July 4, 2015 were $1.54 billion or flat contrast with last year.
On a constant currency basis, June 2015 net sales raised 2 percent contrast with last year. In calculating the net sales change on a constant currency basis, current year foreign exchange rates are applied to both current year and preceding year net sales. This is done to enhance the visibility of underlying sales trends, not taking into account the impact of foreign currency exchange rate fluctuations.
“As formerly declared, we’re taking noteworthy actions to assist improve Gap brand’s performance,” said Sabrina Simmons, chief financial officer, Gap Inc. “We’re happy customers continue to respond favorably to Old Navy’s on-trend collections with the brand delivering yet another month of positive comps.”
The Gap, Inc. operates as an apparel retail company worldwide. It offers apparel, accessories, and personal care products for men, women, and children under the Gap, banana republic, Old Navy, Athleta, and Intermix brand names.
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