Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. EBay Inc. shares valued at $256,760 were sold by Boone Cornelius on Sep 17 ’24. At $64.61 per share, Boone Cornelius sold 3,974 shares. The insider’s holdings dropped to 70,113 shares worth approximately $4.58 million following the completion of this transaction.
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Also, Garcia Edward O sold 987 shares, netting a total of over 63,770 in proceeds. Following the sale of shares at $64.61 each, the insider now holds 41,584 shares.
Before that, Priest Stephen J had sold 25,000 shares from its account. In a trade valued at $1,597,720, the SVP, Chief Financial Officer traded EBay Inc. shares for $63.91 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $4.6 million.
As published in their initiating research note from Cantor Fitzgerald on September 05, 2024, EBay Inc. [EBAY] has been a Neutral and the price target has been revised to $62. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in mid July.
Analyzing EBAY Stock Performance
During the last five days, there has been a surge of approximately 2.25%. Over the course of the year, EBay Inc. shares have jumped approximately 49.89%. Shares of the company reached a 52-week high of $66.23 on 10/02/24 and a 52-week low of $40.16 on 01/16/24. A 50-day SMA is recorded $59.40, while a 200-day SMA reached $51.63. Nevertheless, trading volume fell to 3.39 million shares from 4.94 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 64.90, which, if violated, would cause prices to drop to 64.41. In the upper region, resistance lies at 65.65. The next price resistance is at 65.91. RSI (Relative Strength Index) is 66.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.13, which suggests the price will increase in the coming days. Percent R is at 21.36%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
