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eBay (EBAY) shares hit a seven-year low

Posted Feb 27th 2009 3:30PM by Michael Fowlkes (RSS feed)
Filed under: Major Movement, Bad News, eBay (EBAY), Scandals

eBay hits 7 year lowShares of online auction giant eBay (NASDAQ: EBAY) have dropped sharply today, pushing the stock down to lows not hit in seven years.

The stock, which has dropped over 20% so far this year, is down 8% on the day to $10.54. One of the big reasons why the site has been struggling has been the lack of confidence among buyers stemming from rampart counterfeiting that has been taking place on the site.

Continue reading eBay (EBAY) shares hit a seven-year low

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