eBay Shares Under Pressure in Pre-Market Trading

By Investors Hub

Shares of eBay (EBAY) have come under pressure in pre-market trading after the e-commerce giant reported third quarter earnings that met analyst estimates provided disappointing guidance.

Credit card giant American Express (AXP) may also move to the downside after announcing the retirement of CEO Kenneth Chenault. The company reported third quarter results that exceeded expectations.

Shares of Nike (NKE) are also seeing premarket weakness after the Goldman Sachs downgraded its rating on the athletic footwear and apparel giant to Neutral from Buy.

On the other hand, shares of Corbus Pharmaceutical (CRBP) may open sharply higher after the drug developer announced positive topline results from its Phase 2 study of safety and efficacy of anabasum in dermatomyositis.

Software developer Adobe Systems (ADBE) is also likely to see early strength after forecasting fiscal 2018 earnings and revenues above analyst estimates.

Shares of Verizon (VZ) may also move to the upside after the telecom giant reported third quarter earnings that met analyst estimates on better than expected revenues.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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