eBay is trading 16% down at $91.34 in after-hours trading, with no confirmed earnings release, filing, or fresh company announcement explaining the move.
- Jefferies reiterated an Underperform rating and cut its price target to $75 from $80, citing earnings pressure and slower advertising growth; the action was reported on September 21.
- GameStop’s disclosed eBay stake and expiring warrants remain an ongoing strategic backdrop, not a confirmed new catalyst for the September 22 after-hours decline.