Fedex Falls, Ebay Rises, Norweigian Cruise Line Drops After Seeing Sharpest Profit Drop Among Rivals
On this episode of Stock Movers:- Fedex (FDX) falls. US transportation stocks are broadly weak after Amazon launched Amazon Supply Chain Services, extending its freight, distribution, fulfillment and parcel shipping solutions to businesses beyond its marketplace sellers. - Ebay (EBAY) shares rise. GameStop is proposing to buy eBay Inc. for about $56 billion in cash and stock, a 20% premium to its Friday close. The company offered $125 per share in cash and stock for the online marketplace and has secured an initial, non-binding "highly confident letter" from TD Bank to provide about $20…
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