|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||29.38 - 30.87|
|52 Week Range||26.02 - 42.00|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||14.42|
|Earnings Date||Apr 20, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||0.64 (2.12%)|
|Ex-Dividend Date||Feb 27, 2020|
|1y Target Est||38.73|
Zacks Value Trader Highlights: eBay, Pfizer, JPMorgan Chase, Intuitive Surgical and Edwards Lifesciences
Have you ever picked up a potential purchase in an antique store or an old relic among your family’s treasures and wondered, “How much is this really worth?” Will Seippel has asked himself that question throughout his life, which is why he developed WorthPoint, an online database for researching, valuing and buying/selling antiques, art and vintage collectibles. “I want to take in everything that’s possible in regards to data and art and go from $5 to $5 million on what’s in your house,” Seippel said. “It’s important to tell someone, ‘Hey, it’s not worth a lot,’ or to tell them, ‘You might be on to something, keep digging.'” Using price points from items sold through auctioning, eBay and more than 350 different sources, WorthPoint’s algorithm evaluates how much an item is worth for the user.
No matter how strong the economy or how bulletproof the industry, no specific stock can ever claim to be a perfectly safe investment. Individual companies can be undone by lawsuits, internal fraud, management changes, product failures, new technology, stronger competitors, and many other factors. For a safer investment, spread your money across an entire industry through an industry-specific investment fund or an industry-focused exchange-traded fund (ETF).
Stocks are the only thing people won't buy when they go on sale. But with stocks in a bear market, now's your chance to pick up some of the best companies.
(Bloomberg) -- Gwyneth Paltrow posted an Instagram photo Monday on her way back from the farmer’s market. In it, she’s wearing a black dress and a matching black face mask. Her label of choice for the latter is a Swedish company called Airinum AB.Designer face masks have been around for at least a decade, a niche market catering to the chronically sick along with frequenters of Burning Man and fashionistas in Beijing. Now, amid the coronavirus pandemic, they are a coveted accessory for wealthy people around the globe. And for others, they’re a new symbol of inequality at a time when protective equipment for medical workers is in woefully short supply.View this post on Instagram A post shared by Gwyneth Paltrow (@gwynethpaltrow) on Mar 22, 2020 at 4:44pm PDTAirinum and other popular makers of trendy masks, including Cambridge Mask Co. and Vogmask, typically sell products in an assortment of colors and sizes and tout advanced air filtration and memory foam fitting for the wearer’s nose. Unlike paper masks often used by health care professionals, these can be washed and reused.The products are normally priced at $12 for a basic black Cambridge mask or as much as $69 for a pearl pink Airinum. But those two companies are out of stock until at least next month. Airinums have sold for more than $200 apiece on EBay in the last week and Vogmasks for about $150 on average.QuickTake: Mask or No Mask? This Is What the Virus Experts SayEBay Inc., along with Amazon.com Inc. and other online retailers, have come under pressure for enabling sellers to price gouge on essentials like masks and hand sanitizers. In response, the companies said they would ban such listings. The high-end masks exist in something of a gray area because they’re luxury products by design.In the eyes of government officials, though, they’re still masks. San Francisco-based Vogmask manufactures all of its products in South Korea, which enacted an export ban this month on medical masks. Wendover Brown, the company’s co-founder, said 80,000 finished and packaged products are waiting in a warehouse near Incheon, unable to pass through customs. “The product is just sitting there, not helping anyone,” Brown said. Vogmask is now exploring options to manufacture in the U.S.The global mask shortage is a severe problem for medical staff. Apple Inc. and Facebook Inc. are among companies helping source and donate masks to hospitals, and officials have urged people not to hoard them. Christian Siriano, a prominent fashion designer, and the French workshops of Balenciaga started producing masks to shore up supplies for health care workers.It’s in this light that Paltrow’s pandemic glamor shot attracted some outrage. In comments on the post, several people chastised the actress for being tone deaf and urged her to donate the mask to a health care worker and advocate for others to do so. “Medical staff have been begging people to contribute these,” one person wrote. “These should only be available to those on the front lines.”A spokeswoman for Paltrow declined to comment. On Wednesday, Paltrow posted on Instagram saying she and her husband had donated to the Frontline Responders Fund, which is raising $10 million to get critical supplies to workers combatting the virus.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
A group of 32 U.S. states have a message for the nation's leading online platforms: You are not doing enough to stop price gouging amid the coronavirus crisis. In a letter sent on Wednesday to Amazon.com Inc, Walmart Inc, Facebook Inc and eBay Inc a bipartisan group of U.S. attorneys general outlined specific steps it wants the online platforms to take to end this practice. Pennsylvania's Josh Shapiro is leading the effort along with attorneys general from the states of Connecticut, Vermont and New Mexico.
The U.S. government and Senate reached an agreement to inject $2 trillion of stimulus to boost the U.S. economy amid the coronavirus-induced turmoil.
The Drive found a fascinating car listing on eBay's German site that, were the listing in the U.S., we'd expect to see on Bring A Trailer and bid up to BAT's altitude-sickness prices. The listing says that in September of 1997, a woman born in 1927 bought this 1998 BMW 740i brand new. Someone then decided to wrap the short wheelbase sedan in "an air capsule with mechanical air circulation" and let it sit for around 23 years, before throwing it on the eBay lawn seven days ago.
AeroVironment, Bright Horizons Family Solutions, Amazon, eBay and Atlassian highlighted as Zacks Bull and Bear of the Day
(Bloomberg) -- Amazon.com Inc. said it has suspended thousands of seller accounts for price gouging during the coronavirus pandemic.The operator of the largest U.S. online marketplace said it has pulled well over half a million offers and suspended more than 3,900 selling accounts in the U.S. for violating its fair pricing policies.Amazon said it deployed a dedicated team to identify and investigate “unfairly priced” products that are in high demand, such as protective masks and hand sanitizer.“We are also proactively sharing information with state attorneys general and federal regulators about sellers we suspect have engaged in egregious price gouging of products related to the COVID-19 crisis,” the company said in a statement Monday.U.K. in Lockdown; Trump Wants U.S. Reopened Soon: Virus UpdateSince the coronavirus outbreak escalated in the U.S., there have been runs on hand sanitizer, toilet paper, bleach wipes, meat and canned soup, among other products. Some people have attempted to sell cleaning products and other supplies at inflated prices on Amazon, EBay Inc. and other sites.U.S. President Donald Trump signed an executive order on Monday to prevent hoarding and price increases of supplies.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Amazon, Walmart, EBay and other large online sellers were urged by state law enforcement officials to crack down on price gouging that preys on panic over the coronavirus pandemic amid surging complaints by consumers.The attorneys general of New York and California called on the companies Friday to take action as 6,000 complaints have poured in to authorities across the U.S. in the past month, with outrage expressed at everything from $80 hand sanitizer to a 50% hike in rice prices.“Price gouging during a time of national emergency is not only disgraceful, it is illegal,” California Attorney General Xavier Becerra said in a statement. “Large online marketplaces have a responsibility to the public to take immediate and vigorous steps to eliminate predatory behavior, which they know is illegal, from their platforms.”As Americans hunker down and hoard to survive the coronavirus pandemic, regulators are rushing to stamp out exploitative pricing. They’re poring over emails, sending inspectors to check out tips and firing off cease-and-desist letters, according to an analysis by Bloomberg of data and reports from more than 40 states.Amazon tweeted a response to Becerra and said it welcomes the opportunity to work with officials to help prosecute “bad actors.”“We are disappointed that bad actors are attempting to artificially raise prices on basic need products during a global health crisis and, in line with our long-standing policy, we have recently blocked or removed hundreds of thousands of offers,” the company said in a statement.Online platforms don’t have the incentive to self-police themselves because they get a cut of each transaction, including every pack of toilet paper sold for $60, said Tristan Snell, a lawyer with Tristan Snell Pllc who previously worked on consumer protection issues for the New York attorney general’s office. Many of the abuses are coming from sellers using Amazon and Walmart third-party platforms to jack up prices for household staples, he said.“There’s no doubt that online commerce has exacerbated this problem,” he said. “The idea of cornering a market was something that used to be reserved for millionaire financiers. It’s a very old timey kind of thing. But we literally are at a point where people can corner the market in hand sanitizer.”Read More: States Chase Price Gougers With 6,000 Complaints Pouring InWalmart, eBay and Craigslist didn’t immediately respond to requests for comment.Retailers of all sizes are in now in the cross-hairs. In Washington, the state with the first confirmed case of the virus in the country, Attorney General Bob Ferguson is sending a team of 10 investigators to stores to examine products on the shelf and issuing subpoenas to websites.“Washingtonians are facing a life-and-death situation” and need access to “critical goods,” Ferguson said in an interview. “My mom is 91 years old. It’s important for individuals like my mom to have access to hand sanitizer. They can cost 60 bucks for a four-ounce container.”The complaints spiked after President Donald Trump declared a national emergency last Friday, leading many state and local governments to do the same. They come as authorities in Europe grapple with similar concerns. On Friday, the U.K.’s competition regulator launched a task force to crack down on such exploitation. The European Union’s anti-fraud office said it’s probing sales of fake medical and personal protection products.While some U.S. states already have laws on the books that ban price gouging, generally defined as boosting a price 10% or more in a crisis, emergency declarations often trigger temporary measures.The Oregon AG’s office on Wednesday got a complaint about a supermarket in Beaverton selling 20 pounds of rice for $29, almost $10 more than usual, according to spokeswoman Kristina Edmunson, who said the office was preparing its first cease-and-desist letters. Twitter was rife with hashtags such as price gouging and panicbuying. Users called out two-pack face masks at $19.95, up from $1.50, and 12 jumbo rolls of Kroger toilet paper on eBay for $99.95 plus $11.75 for shipping -- or best offer.“I’m outraged that anybody would try to profiteer on a crisis, particularly on items that are necessary for the health and safety of Ohioans,” Attorney General Dave Yost said in a statement Thursday. “We don’t have a price-gouging law in Ohio because we believe in free markets, but free markets don’t include the idea of holding toilet paper and surgical masks hostage.”Most of the complaints are in the East, with New York topping the list at 1,350. In New York City alone, the Department of Consumer and Worker Protection has received more than 1,000 calls since March 5, when the city’s first rule against virus-related price increases was enacted.In addition to a 1.2-liter bottle of hand sanitizer for $79.99 at a hardware store in Midtown, New Yorkers could snap up a box of 100 disinfectant wipes at a drugstore in Chelsea for $100.Read More: That $400 Bottle of Hand Sanitizer Is Very Hard to Police(Corrects law firm name in seventh paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Box agreed to appoint three new members to its board, which will be set to nine directors, following the company’s annual meeting in June.
Meet the BoatCar, an unusual creation that exists at the intersection of vans and cabin cruisers. The process of dropping a 24-foot Sea Ray boat hull onto a ladder frame sourced from a 1995 Ford E-350 passenger van took six months, according to the seller. It also lost its four-person cabin, but it gained four seats, marine-grade carpeting and vinyl, red paint, and the donor Ford's dashboard, though there's now a bell and a compass attached to it.
Activist activity is down roughly 13% from this time last year, according to data from Activist Insight but some activists may find that the recent tumult makes it easier to make their case to shareholders.
The comments came in response to a letter that Starboard, a New York City hedge fund that owns more than 1 percent of the outstanding common stock of eBay, sent to eBay board chairman Tom Tierney on Thursday, urging the board to name a permanent CEO from outside the company — rather than considering both internal and external candidates, as eBay has been doing — and to add four Starboard-backed board nominees to eBay’s board.
eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today issued the following statement in response to the letter from Starboard Value LP ("Starboard") announcing that it has nominated four candidates to stand for election to the Company's Board of Directors at eBay's 2020 Annual Meeting of Stockholders (the "2020 Annual Meeting").
Activist investor Starboard Value LP has sent a letter to Ebay Inc.'s board chairman Thomas Tierney, expressing concern that the marketplace seller will ultimately fill the vacant chief executive position with an internal selection. "[W]e strongly believe that eBay should be focused on identifying qualified external candidates in order to hire a new CEO that will bring a fresh perspective and energy to the company after its prolonged underperformance," the letter said. Starboard would also like to see changes to eBay's board, and made four nominations on Feb. 28, 2020 to be considered at the stockholders meeting. Among the candidates are Shannon Brayton, most recently LinkedIn's chief marketing officer, and Peter Feld, managing member and head of research at Starboard. Feld authored the letter. Starboard owns more than 1% of eBay's outstanding shares. Starboard says it's pleased that eBay has sold its ticket business StubHub and is considering the sale of its classifieds business. Ebay shares are down 1.4% in Thursday premarket trading, and have tumbled 15.1% over the past year. The S&P 500 index is down 15.3% over the last year.
The hedge fund, which last year helped fill one board seat, said the board had been slow in changing its chief executive and tackling issues including separating eBay's classifieds business from its marketplace business. EBay said on Thursday the nominations are "unwarranted and unreasonable." Starboard said in a letter that it wants the board to appoint an outsider as permanent chief executive after eBay has been headed by an interim CEO for six months.
Starboard Value LP (together with its affiliates, "Starboard"), one of the largest shareholders of eBay Inc. (NASDAQ: EBAY), with an ownership interest of more than 1.0% of the Company's outstanding shares, today announced that it has delivered a letter to Thomas J. Tierney, eBay's Chairman of the Board, with copies to the Company's Board of Directors.
Amazon.com (AMZN) saw a big move last session, as its shares jumped 7% on the day, amid huge volumes.