EBAY May 2024 50.000 put
| Previous close | 1.2300 |
| Open | 0.9800 |
| Bid | 0.9600 |
| Ask | 1.0400 |
| Strike | 50.00 |
| Expiry date | 2024-05-10 |
| Day's range | 0.5300 - 1.6400 |
| Contract range | N/A |
| Volume | |
| Open interest | 828 |
- Yahoo Finance Video
EBay, Etsy's Q1 earnings are signaling weaknesses in consumer
Shares of Etsy (ETSY) and eBay (EBAY) are both sliding Thursday morning after both companies posted their first-quarter earnings results, revealing signs of weakening spending in the consumer discretionary category. At Etsy, merchandise sales were down 3.7% year-over-year with habitual buyers down 2.9% year-over-year. Yahoo Finance's Madison Mills joins Wealth! to break down the consumer pressures afflicting these e-commerce platforms. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
StockStoryWhy eBay (EBAY) Stock Is Trading Lower Today
Shares of online marketplace eBay (NASDAQ:EBAY) fell 9.5% in the pre-market session after the company reported first quarter results. However, revenue growth was quite weak. Notably, revenue in the US fell below expectations, partly driven by unfavourable weather conditions. Adding to the bad news is the fact that both the company's revenue and EPS guidance for next quarter missed analysts' expectations. The company called out a challenging macro environment with FX volatility remaining a headwi
Barrons.comEtsy Stock Is Headed to Its Lowest Level in 4 Years. What Wall Street Thinks About Earnings.
Etsy stock was on pace to have its worst day since 2020 after the e-commerce retailer posted lower-than-expected gross merchandise sales for the first quarter. GMS of $2.99 billion was below the FactSet consensus of $3.03 billion and lower than the $3.1 billion reported in the same period last year. The results have led to concerns among Wall Street analysts over what the current state of the consumer means for the company’s top-line.
