EBay Stock Forcast Still Negative
I started writing about eBay for Blogging Stocks in mid-June, only a month and half ago, when eBay was still over $30 a share. It’s now trading under $24.I kept noticing this downtrend, aware of investors concerns, but never 100% sure why the sentiment was so negative. Especially after Q2 earnings report. I thought that at most, and especially after the store listing fee increase, it should be treated as a neutral investment. A wait-and-see attitude, if you will. After all, isn’t that fee increase a good move, promising the return to auction format, and hence more volume growth? (That would be despite the wrath of sellers apparent in the comments to this post).In any event, last week I couldn’t keep up with the news as we left Northern Israel to spend a quiet week south of the war zone and my Internet access was rather limited. However, from all I managed to gather today, sentiment continues to be negative despite analysts noting improving fundamentals.
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