eBay (EBAY) : Traders are bullish on eBay (EBAY) as it has outperformed the S&P 500 by a wide margin of 6.08% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.45%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.03% in the last 1 week, and is up 10.72% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 9.12% and the 50-Day Moving Average is 9.68%.
eBay (NASDAQ:EBAY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.20 and $25.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.34, notching a gain of 1.00% for the day. The total traded volume was 17,603,949 . The stock had closed at $26.08 on the previous day.
The company Insiders own 7.4% of eBay shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -40.63% . Institutional Investors own 82.25% of eBay shares. During last six month period, the net percent change held by insiders has seen a change of -16.38%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Chief Product Officer) of Ebay Inc, Pittman Raymond J had sold 25,000 shares worth of $606,000 in a transaction dated May 27, 2016. In this transaction, 25,000 shares were sold at $24.24 per share.
eBay Inc.(eBay) is a global technology company. The Company has created an open source platform that provides software developers and merchants access to its applications programming interfaces (APIs) to develop software and solutions for commerce. The Companys segments include Marketplaces and Payments. The Companys Marketplaces segment includes its ebay.com platform and its localized counterparts, as well as other online platforms, such as its online classifieds sites and StubHub. The Companys Payments segment consists of its PayPal business. Its classifieds Websites include alaMaula, BilBasen, dba.dk, eBay Classifieds (eBay Classifieds, eBay Kleinanzeigen and eBay Annunci), Gumtree, Kijiji, iBazar, 2dehands.be, 2ememain.be, LoQUo, Marktplaats.nl and mobile.de. It also offers trust and safety programs, including PayPals Seller Protection and Purchase Protection Programs, through its PayPal. It offers mobile applications for iPhone, iPad, Android and Windows mobile devices.