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Investing in EBay Inc. (EBAY) Is Getting More Attractive

EBay Inc.’s recently made public that its VP, Chief Accounting Officer SPENCER REBECCA unloaded Company’s shares for reported $0.11 million on Jun 13 ’24. In the deal valued at $53.62 per share,2,083 shares were sold. As a result of this transaction, SPENCER REBECCA now holds 4,109 shares worth roughly $0.22 million.

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Then, Loeger Julie A sold 7,419 shares, generating $402,110 in total proceeds. Upon selling the shares at $54.20, the SVP, Chief Growth Officer now owns 70,797 shares.

Before that, Garcia Edward O sold 3,714 shares. EBay Inc. shares valued at $192,942 were divested by the SVP, Chief Product Officer at a price of $51.95 per share. As a result of the transaction, Garcia Edward O now holds 34,928 shares, worth roughly $1.86 million.

A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid April from “an Underweight” to “an Overweight”. Morgan Stanley also remained covering EBAY and has increased its forecast on April 18, 2024 with a “an Overweight” recommendation from previously “an Underweight” rating. Mizuho maintained its rating on January 17, 2024. It rated EBAY as “a Neutral”.

Price Performance Review of EBAY

On Monday, EBay Inc. [NASDAQ:EBAY] saw its stock jump 1.94% to $53.14. Over the last five days, the stock has lost -0.02%. EBay Inc. shares have risen nearly 21.82% since the year began. Nevertheless, the stocks have risen 16.48% over the past one year. While a 52-week high of $55.15 was reached on 05/28/24, a 52-week low of $37.17 was recorded on 01/16/24. SMA at 50 days reached $51.87, while 200 days put it at $45.76. A total of 4.4 million shares were traded, compared to the trading of 5.74 million shares in the previous session.

Levels Of Support And Resistance For EBAY Stock

The 24-hour chart illustrates a support level at 52.17, which if violated will result in even more drops to 51.19. On the upside, there is a resistance level at 53.67. A further resistance level may holdings at 54.19. The Relative Strength Index (RSI) on the 14-day chart is 52.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.54%. Stochastics %K at 46.88% indicates the stock is a holding.

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