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Over the past month, EBAY’s stock has declined 9% in price to close its last trading session at $67.16. The stock is currently trading below its 50-day and 200-day moving averages. However, it has gained 34.6% over the past year and 33.7% year-to-date.
For the third quarter, ended September 30, EBAY reported better than expected financial results. The company’s revenue increased 11% year-over-year to $2.50 billion, topping the $2.46 billion consensus estimate However, its gross merchandise volume, which is the value of all goods sold on the site, came in at $19.45 billion, representing a 10% decline year-over-year. Also, its annual active buyers stood at 154 million, down 5% from its year-ago period. The Street expects its revenue to decline 9.1% in the current quarter and 13.2% in the next quarter.
