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

In a filing, EBay Inc. revealed its SVP, Chief People Officer Boone Cornelius unloaded Company’s shares for reported $0.26 million on Sep 17 ’24. In the deal valued at $64.61 per share,3,974 shares were sold. As a result of this transaction, Boone Cornelius now holds 70,113 shares worth roughly $4.45 million.

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Then, Garcia Edward O sold 987 shares, generating $63,770 in total proceeds. Upon selling the shares at $64.61, the SVP, Chief Product Officer now owns 41,584 shares.

Before that, Priest Stephen J sold 25,000 shares. EBay Inc. shares valued at $1,597,720 were divested by the SVP, Chief Financial Officer at a price of $63.91 per share. As a result of the transaction, Priest Stephen J now holds 70,332 shares, worth roughly $4.46 million.

Cantor Fitzgerald initiated its EBay Inc. [EBAY] rating to a Neutral in a research note published on September 05, 2024; the price target was $62. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid July with a ‘”a Peer perform”‘ rating.

Price Performance Review of EBAY

On Monday, EBay Inc. [NASDAQ:EBAY] saw its stock jump 1.16% to $63.45. Over the last five days, the stock has lost -1.41%. EBay Inc. shares have risen nearly 45.46% since the year began. Nevertheless, the stocks have risen 44.47% over the past one year. While a 52-week high of $64.96 was reached on 09/17/24, a 52-week low of $37.17 was recorded on 01/16/24. SMA at 50 days reached $57.67, while 200 days put it at $50.70.

Levels Of Support And Resistance For EBAY Stock

The 24-hour chart illustrates a support level at 62.80, which if violated will result in even more drops to 62.16. On the upside, there is a resistance level at 64.00. A further resistance level may holdings at 64.56. The Relative Strength Index (RSI) on the 14-day chart is 67.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.12%. Stochastics %K at 72.06% indicates the stock is a holding.

How much short interest is there in EBay Inc.?

A steep rise in short interest was recorded in EBay Inc. stocks on 2024-08-30, growing by 5.83 million shares to a total of 30.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 24.81 million shares. There was a rise of 19.02%, which implies that there is a positive sentiment for the stock.

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