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.
$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)
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.
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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09-06-13 0808ETCopyright (c) 2013 Dow Jones & Company, Inc.
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