eBay shares tumble as NYSE owner nixes deal plans after talking to investors - Business Insider

eBay shares tumbled as much as 7.92% in after-hours trading, recovering slightly to still trade near lows Friday morning in pre-market trading. ICE shares, which had tumbled when reports of its plans to make a deal with eBay first broke, bounced up 7.05%. Tuesday that the Intercontinental Exchange had recently bid to buy eBay, the latest in a number of such offers ICE made to the company. eBay shares shot up on that news, and the NYSE owner's shares fell.

After ICE's Thursday announcements, both shares reversed course, though neither stock completely erased the gains and losses they made this week: eBay traded about 4% above its Monday closing price, the last day before the reports, in Friday's early trading. ICE traded roughly 6% down in the pre-market against its Monday closing price.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investors aren't happy with big-name managers' decision to hoard cash - Business InsiderBillionaires like Seth Klarman and Warren Buffett are holding billions in cash while the stock market continues to tick up.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How founders and investors can capitalize on the parenting market - Business InsiderThere's been a revolution in parenting driven by millennials having kids later in life, and it's a huge economic opportunity for investors and founders (by Nico_Bossi)
Source: BusinessInsider - 🏆 729. / 51 Read more »