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Tech Five: eBay sinks off stock downgrade
USA TODAY eBay. Shares are down nearly 3% after Piper Jaffray analyst Gene Munster downgraded its stock to underweight, reports CNBC. Munster cites growing competition for PayPal in mobile payments space, with new players including Apple and Google. eBay Stock Slumps Today as Piper Jaffray Downgrades Piper Jaffray Cites Future Competition In eBay Downgrade eBay Inc (NASDAQ:EBAY) Given $49 PT By Piper Jaffray |
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