Ebay Trounced After Inline Q4 Report

Ebay Inc.

shares are trading lower by $$3.50 at $22.92 in Thursday's session. After its inline Q4 report for EPS and revenues, three different firms lowered there price targets for the issue. The price targets from those firms has come down from the $27-$29 range to the $25-$28 range. Its rally off the open fell way short of the lower end of Wednesday's range ($26.10), only reaching $24.13 before continuing lower. The ensuing decline has taken the issue all the way to $22.72 and has yet to establish a meaningful rebound. It is now trading at its lowest level since it spun-off Paypal

last July.