EBay Stock Dips As PayPal Unit Starts Trading
Online auctions and payments leader eBay (EBAY) saw its stock dip Tuesday, the day after its PayPal unit began trading on a “when issued” basis in advance of the spinoff of the transactions business this month. Ebay stock was down a fraction in afternoon trading in the stock market today, near 62. EBay stock touched an all-time high of 66.30 in early June and is up 14% since early February. Shares of PayPal (PYPLV) began trading separately on a