9-6-13 8:08 AM EDT | Email Article
 

By Saumya Vaishampayan, MarketWatch

 

NEW YORK (MarketWatch) -- Shares of EBay and J.C. Penney attracted attention in premarket trade Friday, while shares of Smith & Wesson dropped.

 

Top Tickers Trending

 

$EBAY EBay Inc.'s (EBAY) PayPal business attracted attention after the payment processor released a new version of its app for mobile devices on Thursday. The new release allows users to pay certain restaurant bills with the app or scan and redeem deals automatically, according to AllThingsD. Forty percent of eBay's revenue in 2012 came from PayPal, according to its website. EBay shares were up about 1% premarket.

 

$FB You may be getting Facebook stalked by, well, Facebook Inc. (FB). Proposed changes to its privacy policy would give the social network the freedom to sell user names and photos to companies for advertising purposes, drawing ire from several privacy groups. Facebook shares gained 1% premarket.

 

$JCP Shares of J.C. Penney Co. (JCP) rose more than 1%. The retailer has ended its relationship with the Martha Stewart brand, according to a report in the New York Post. The decision from Chief Executive Mike Ullman comes as a decision is due in a legal case involving the Martha Stewart brand between Penney and Macy's Inc. (M)

 

Gainers

 

E-Trade Financial (ETFCD) shares gained 2%, one of the biggest gainers on the S&P 500 (SPX). Shares have gained nearly 11% in September so far, and are up about 74% in 2013 to date.

 

Decliners

 

Smith & Wesson (SWB) shares dropped 5%. The gun maker reported a fiscal first-quarter profit late Thursday that surged 49% from a year earlier to $26.5 million as revenue rose 26%. But shares came under pressure as the firm issued current-quarter guidance that missed estimates.

-Saumya Vaishampayan; 415-439-6400; AskNewswires@dowjones.com

 

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(END) Dow Jones Newswires

09-06-13 0808ET

Copyright (c) 2013 Dow Jones & Company, Inc.
Copyright 2014 MarketWatch
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