eBay Leads S&P 500 Gainers, Align Technology Falls

eBay leads S&P 500 movers, up 15.7% in early trading. Align Technology is the worst performer, down 30.5%. Baxter International and Norwegian Cruise Line Holdings also see notable moves. eBay's year-to-date gain is 44.8%, while Align Technology's is down 32.1%.

eBay (EBAY) Leads S&P 500 Movers, Up 15.7% in Early Trading

eBay (EBAY) has seen a significant increase in its stock price, rising by 15.7% in early trading on July 2, 2025. This surge follows Wells Fargo's recent upward revision of its price target for eBay shares from $66 to $84, while maintaining an Equal Weight rating [1]. The financial institution attributed this positive outlook to strong demand in the collectibles sector and a general strength across its Focus Category. eBay's gross merchandise volume (GMV) for 2024 was $75 billion, placing it among the top 10 global e-commerce companies. The company's financial health is robust, with a 1-year revenue growth rate of 9.3% and a 5-year growth rate of 17.7%. However, eBay faces challenges with declining operating margins, which have decreased at an average rate of -4.8% per year over the past five years.

Align Technology (ALGN) Suffers Major Decline, Down 30.5%

Align Technology (ALGN) has experienced a substantial drop in its stock price, declining by 30.5% in early trading on July 2, 2025. This downward trend is due to the company's second quarter revenue and adjusted profit falling short of expectations. Align Technology reported a 1.9% fall in quarterly worldwide revenues to $1.01 billion, below the consensus of $1.06 billion. Additionally, it posted an adjusted profit of $2.49 per share, missing analysts' estimates by $0.08. The company expects a sequential fall in Q3 revenues, attributing this to macroeconomic conditions affecting demand for its teeth aligners. Align Technology plans to restructure its business in the second half of fiscal 2025, which may incur one-time charges of approximately $150 million to $170 million [2].

Baxter International and Norwegian Cruise Line Holdings See Notable Moves

Baxter International Inc. provided sales guidance for the third quarter and full year 2025, expecting sales growth from continuing operations of 6% to 7% on a reported basis and 3% to 4% on an operational basis. For the full year, Baxter expects sales growth from continuing operations of 6% to 7% on a reported basis, with an operational basis of 3% to 4%. Norwegian Cruise Line Holdings also saw notable moves in the market, although specific details on its performance were not provided in the referenced materials.

Year-to-Date Performance

eBay's year-to-date gain stands at 44.8%, while Align Technology's is down 32.1%. These figures highlight the contrasting fortunes of the two companies, with eBay's robust growth driven by strong demand in specific sectors and Align Technology's challenges stemming from revenue and profit misses.

References

[1] https://www.gurufocus.com/news/3020794/ebay-ebay-receives-price-target-boost-from-wells-fargo
[2] https://seekingalpha.com/news/4475562-align-technology-plunges-on-results-miss-weak-outlook