The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. EBay Inc. shares valued at $107,522 were sold by SPENCER REBECCA on Mar 01 ’24. At $47.20 per share, SPENCER REBECCA sold 2,278 shares. The insider’s holdings dropped to 3,815 shares worth approximately $0.2 million following the completion of this transaction.
Also, Garcia Edward O sold 1,165 shares, netting a total of over 50,130 in proceeds. Following the sale of shares at $43.03 each, the insider now holds 31,888 shares.
Before that, Boone Cornelius had sold 4,930 shares from its account. In a trade valued at $210,314, the SVP, Chief People Officer traded EBay Inc. shares for $42.66 each. Upon closing the transaction, the insider’s holdings decreased to 4,930 shares, worth approximately $2.59 million.
As published in a research note from Mizuho on January 17, 2024, EBay Inc. [EBAY] has been retained to a Neutral and the price target has been revised to $40. As of January 09, 2024, BMO Capital Markets has initiated its “Market perform” rating for EBAY. Earlier on October 17, 2023, Stifel initiated its rating. Their recommendation was “a Hold” for EBAY stock.
Analyzing EBAY Stock Performance
During the last five days, there has been a surge of approximately 0.95%. Over the course of the year, EBay Inc. shares have jumped approximately 18.96%. Shares of the company reached a 52-week high of $52.93 on 03/28/24 and a 52-week low of $40.16 on 01/16/24. A 50-day SMA is recorded $47.97, while a 200-day SMA reached $44.18. Nevertheless, trading volume fell to 3.65 million shares from 4.9 million shares the previous day.
Support And Resistance Levels for EBay Inc. (EBAY)
According to the 24-hour chart, there is a support level at 51.58, which, if violated, would cause prices to drop to 51.28. In the upper region, resistance lies at 52.42. The next price resistance is at 52.96. RSI (Relative Strength Index) is 58.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 50.61%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is EBay Inc. subject to short interest?
Stocks of EBay Inc. saw a sharp steep in short interest on Mar 15, 2024 dropping by -6.76 million shares to 19.31 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 26.07 million shares. A decline of -35.01% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2 of the overall float, the days-to-cover ratio (short ratio) decline to 2.
