eBay (NASDAQ:EBAY) has tumbled 1.16% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.59% in the last four weeks. The company has outperformed the S&P 500 by 0.02% in the past week but underperformed the index by 0.33% in the last 4 weeks.
eBay (NASDAQ:EBAY): The stock opened at $23.74 on Friday but the bulls could not build on the opening and the stock topped out at $23.89 for the day. The stock traded down to $23.59 during the day, due to lack of any buying support eventually closed down at $23.79 with a loss of -0.25% for the day. The stock had closed at $23.85 on the previous day. The total traded volume was 13,176,596 shares.
The company shares have dropped -8.46% from its 1 Year high price. On Dec 1, 2015, the shares registered one year high at $29.83 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $23.95 and the 200 Day Moving Average price is recorded at $24.89.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Pittman Raymond J, officer (SVP, Chief Product Officer) of Ebay Inc, had unloaded 25,000 shares at an average price of $24.24 in a transaction dated on May 27, 2016. The total value of the transaction was worth $606,000.
Many analysts have stated their opinion on the company shares. Benchmark maintains its view on eBay (NASDAQ:EBAY) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Benchmark raises the price target from $28 per share to $29 per share on eBay . The rating by the firm was issued on April 27, 2016. Currently the company Insiders own 7.4% of eBay shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -40.63% . Institutional Investors own 82.29% of eBay shares. During last six month period, the net percent change held by insiders has seen a change of -16.38%.
eBay Inc.(eBay) is a global technology company. The Company has created an open source platform that provides software developers and merchants access to its applications programming interfaces (APIs) to develop software and solutions for commerce. The Companys segments include Marketplaces and Payments. The Companys Marketplaces segment includes its ebay.com platform and its localized counterparts, as well as other online platforms, such as its online classifieds sites and StubHub. The Companys Payments segment consists of its PayPal business. Its classifieds Websites include alaMaula, BilBasen, dba.dk, eBay Classifieds (eBay Classifieds, eBay Kleinanzeigen and eBay Annunci), Gumtree, Kijiji, iBazar, 2dehands.be, 2ememain.be, LoQUo, Marktplaats.nl and mobile.de. It also offers trust and safety programs, including PayPals Seller Protection and Purchase Protection Programs, through its PayPal. It offers mobile applications for iPhone, iPad, Android and Windows mobile devices.