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Why EBay Stock Plummeted This Week

TheMotleyFool

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EBay (NASDAQ: EBAY) stock got hit hard in this week's trading despite a better-than-expected quarterly report from the company. The e-commerce specialist's share price sank 16.4% in the week.

EBay published its third-quarter results on Oct. 29 and reported sales and earnings for the period that outperformed Wall Street's forecasts. Unfortunately, the company showed some margin weakness in the quarter -- and its forward guidance wound up leading to big sell-offs.

Image source: Getty Images.

Source Fool.com

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