SAN DIEGO, Oct. 21, 2018 /PRNewswire/ — Shareholder Rights Law Firm Johnson Fistel, LLP is investigating potential claims against eBay, Inc. (NasdaqGS: EBAY) (“eBay”). On October 19, 2018, shares of eBay fell 8.9% to close at $28.75 per share, their lowest level since December 2016, after being downgraded to hold from buy by Stifel Nicolaus. In downgrading the stock and slashing his price target from $43 to $35 per share, Stifel analyst Scott Devitt cited PayPal Holdings Inc.’s earnings release, which suggested weak third-quarterr gross merchandise volume trends at eBay.
Johnson Fistel’s investigation seeks to determine whether eBay’s filings with the U.S. Securities and Exchange Commission complied with federal securities laws. If you are a recent purchaser of eBay stock and interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) by email or by phone at 619-814-4471. If you email, please include your phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
SOURCE Johnson Fistel, LLP