An investigation for investors in eBay Inc. (NASDAQ: EBAY) shares over potential securities laws violations by eBay Inc. was announced.
San Diego, CA -- (SBWIRE) -- 11/07/2018 -- An investigation was announced over potential securities laws violations by eBay Inc.
Investors who purchased shares of eBay Inc. (NASDAQ: EBAY), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by eBay Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Jose, CA base eBay Inc. reported that its annual Total Revenue rose from over $8.97 billion in 2016 to over $9.56 billion in 2017 and that its Net Income of over $7.28 billion declined to a Net Loss of over $1.01 billion in 2017.
On October 19, 2018, Stifel Nicolaus downgraded shares of eBay Inc. (NASDAQ: EBAY) to hold from buy by. In downgrading the stock and slashing his price target from $43 to $35 per share, Stifel analyst Scott Devitt cited PayPal Holdings Inc.'s earnings release, which suggested weak third-quarter gross merchandise volume trends at eBay.
Shares of eBay Inc. (NASDAQ: EBAY) declined from $46.99 per share in early February 2018 to as low as $27.24 per share on October 24, 2018.
Those who purchased shares of eBay Inc. (NASDAQ: EBAY) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
For more information on this press release visit:
Media Relations Contact
Email: Click to Email Michael Daniels