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 $334,200 were sold by Priest Stephen J on Dec 16 ’24. At $63.63 per share, Priest Stephen J sold 5,252 shares. The insider’s holdings dropped to 65,080 shares worth approximately $4.15 million following the completion of this transaction.
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Also, Garcia Edward O sold 990 shares, netting a total of over 64,548 in proceeds. Following the sale of shares at $65.20 each, the insider now holds 46,038 shares.
Before that, Boone Cornelius had sold 3,989 shares from its account. In a trade valued at $260,083, the SVP, Chief People Officer traded EBay Inc shares for $65.20 each. Upon closing the transaction, the insider’s holdings decreased to 3,989 shares, worth approximately $4.56 million.
As published in a research note from Jefferies on December 10, 2024, EBay Inc [EBAY] has been rated down from a Hold to an Underperform and the price target has been revised to $52 from $60. Analysts at Wedbush started covering the stock with ‘”a Neutral”‘ outlook in a report released in early December. As of November 05, 2024, Bernstein has increased its “Mkt perform” rating to a “an Outperform” for EBAY.
Analyzing EBAY Stock Performance
During the last five days, there has been a drop of approximately -0.98%. Over the course of the year, EBay Inc shares have jumped approximately 45.80%. Shares of the company reached a 52-week high of $67.80 on 10/15/24 and a 52-week low of $40.16 on 01/16/24. A 50-day SMA is recorded $63.05, while a 200-day SMA reached $57.28. Nevertheless, trading volume fell to 1.47 million shares from 3.86 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 63.27, which, if violated, would cause prices to drop to 62.77. In the upper region, resistance lies at 64.09. The next price resistance is at 64.41. RSI (Relative Strength Index) is 50.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.22, which suggests the price will decrease in the coming days. Percent R is at 58.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
