eBay (EBAY) has risen sharply, recording gains of 0.46% in the past 4 weeks. However, the stock has corrected -0.84% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.08% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
eBay Inc. is up 29.51% in the last 3-month period. Year-to-Date the stock performance stands at 11.46%. The stock has recorded a 20-day Moving Average of 1.21% and the 50-Day Moving Average is 12.67%.
eBay (NASDAQ:EBAY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $30.46 and $30.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $30.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $30.63, notching a gain of 0.36% for the day. The total traded volume was 7,840,702 . The stock had closed at $30.52 on the previous day.
Also, Equity analysts at the Brokerage firm Morgan Stanley maintains its rating on eBay (NASDAQ:EBAY). The rating major has initiated the coverage with underweight rating on the shares. The Analysts at Morgan Stanley raises the price target from $22.5 per share to $24 per share. The rating by the firm was issued on July 21, 2016.
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.