Why eBay (EBAY) Stock Is Down Today

NEW YORK (TheStreet) -- eBay (EBAY) was falling -0.2% to $49.58 Monday following a report that same-store sales slowed in May.

According to ChannelAdvisor same-store sales grew 11.5% from the year-ago month, down from 14% in April and 17.8% in March. Auction same-store sales fell -11.1% in the month, while fixed-price grew 13% and Motors grew 15.6%. According to the report changes to Google's (GOOG) algorithm changes likely impacted the online retailer's sales.

The launch of Amazon.com's (AMZN) PayPal competitor Amazon Payments also impacted eBay's stock.

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TheStreet Ratings team rates EBAY INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate EBAY INC (EBAY) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself."

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