Shares of eBay (EBAY) Sees Large Outflow of Money

eBay (EBAY) : The value of composite uptick trades was $37.12 million, whereas, the value of composite downtick trades was $46.29 million. The uptick to downtick ratio stood at 0.8 with a negative money flow of ($9.17) Million during Tuesdays trading session. The block trades money flow was negative ($9.31 million).The uptick to the downtick ratio of 0.44 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $7.45 million. The transaction of the trades on downticks amounted to $16.76 million, which confirms investors selling on the strength of price. eBay (EBAY) gained 37 cents at $31.77, an increase of 1.18% over the previous days close.


Also, Major Brokerage house, Morgan Stanley maintains its ratings on eBay (NASDAQ:EBAY). In the latest research report, Morgan Stanley raises the target price from $22.5 per share to $24 per share. According to the latest information available, the shares are now rated Underweight by the analysts at the agency. The rating by the firm was issued on July 21, 2016.

Shares of eBay Inc. rose by 3.59% in the last five trading days and 1.66% for the last 4 weeks. eBay Inc. is up 31.99% in the last 3-month period. Year-to-Date the stock performance stands at 15.61%.

eBay (NASDAQ:EBAY): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.46 and $31.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.77, notching a gain of 1.18% for the day. The total traded volume was 9,800,132 . The stock had closed at $31.40 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Todd Jeremy Paul, officer (SVP, EMEA) of Ebay Inc, had unloaded 9,329 shares at an average price of $23.41 in a transaction dated on April 1, 2016. The total value of the transaction was worth $218,392.

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 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,, eBay Classifieds (eBay Classifieds, eBay Kleinanzeigen and eBay Annunci), Gumtree, Kijiji, iBazar,,, LoQUo, and 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.