EBay Drops on Second-Quarter Sales Concern: San Francisco Mover
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EBay Inc., the world’s largest online marketplace, fell the most in almost seven months after an analyst said second-quarter sales may miss estimates because of a slowdown in U.S. e-commerce spending growth.
The shares declined 4.6 percent to $39.59 at the close in New York, the biggest decrease since Nov. 9. The stock has climbed 31 percent this year.