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EBay (EBAY) saw its stock drop on Monday after an analyst cautioned that competition in e-commerce and payments is poised to intensify, as the online auctions and payments leader released revenue guidance for both eBay and PayPal that fell short of Wall Street views. Piper Jaffray reiterated its underweight rating on eBay stock and price target of 50. EBay stock was down nearly 4% in afternoon trading in the stock market today, near 61. On Friday, Scalper1 News
Scalper1 News