Shares of eBay Inc. EBAY, -1.65% slid 4.19% to $54.60 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.53% falling 1.31% to 3,819.72 and Dow Jones Industrial Average DJIA, -0.19% falling 0.39% to 31,270.09. This was the stock’s second consecutive day of losses. eBay Inc. closed $10.25 short of its 52-week high ($64.85), which the company reached on February 4th.
The stock underperformed when compared to some of its competitors Wednesday, as Amazon.com Inc. AMZN, -0.27% fell 2.89% to $3,005.00, Microsoft Corp. MSFT, -0.16% fell 2.70% to $227.56, and Alphabet Inc. Cl A GOOGL, 0.22% fell 2.57% to $2,011.41. Trading volume (11.1 M) eclipsed its 50-day average volume of 7.6 M.