EBAY (NASDAQ: EBAY) Dropping in Market Correction But Business is Strong - Fred Dunsel (06/05/12)

Online marketplace eBay Inc. (NASDAQ: EBAY) fell by 2.1% last week to close at $38.82 on Friday. The stock continued its downward trajectory that began in early May. While eBay, which has a market cap of $54 billion, is currently up 27.8% for the year, fears of an imminent slowdown in e-commerce spending in the US have been putting downward pressure on its stock price.

According to Investment Technology Group (ITG), the company’s second-quarter revenue is projected to reach $3.33 billion, belo...