Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $2.56 million.
As published in a research note from Morgan Stanley on April 18, 2024, EBay Inc. [EBAY] has been rated up from an Underweight to an Overweight and the price target has been revised to $962 from $35. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Overweight”‘ outlook in a report released in mid April. As of January 17, 2024, Mizuho has reiterated its “Neutral” rating for EBAY.
Analyzing EBAY Stock Performance
During the last five days, there has been a surge of approximately 2.78%. Over the course of the year, EBay Inc. shares have jumped approximately 17.70%. 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 $49.71, while a 200-day SMA reached $44.46. Nevertheless, trading volume fell to 4.46 million shares from 5.09 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 50.77, which, if violated, would cause prices to drop to 50.20. In the upper region, resistance lies at 51.70. The next price resistance is at 52.06. RSI (Relative Strength Index) is 54.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.20, which suggests the price will decrease in the coming days. Percent R is at 40.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
