1 posts and columns on poor demand

eBay Shares Extend Slide on Morgan Stanley Downgrade

in News on October 2, 2008 at 6:54 am PT

There’s new selling pressure on eBay (EBAY) this morning, after Morgan Stanley’s David Joseph cut his rating on the stock to Equal Weight from Overweight. “Seller checks and proprietary data indicate that trends deteriorated more than expected in Q3 amid eBay’s ongoing transition in its core marketplace, greater economic sensitivity and poor demand,” he writes in a research note today.