eBay has been displaying various trends in its stock performance. Its shares experienced an upswing following strong results, robust guidance, and a dividend increase. Morgan Stanley suggests buying eBay stock and selling Etsy, indicating the former's potential growth, primarily attributed to generative AI. eBay stock witnessed an upturn post its 'Solid' Q4 results, and its ad sales momentum. However, disappointing sales forecasts led to falling stock prices despite earnings beat, with a muted expectations for holiday sales boost. There were also mentions of large options trading along with a claim that eBay shares could be 40% below their intrinsic value. Reports indicate that eBay insiders have been selling stock and there is also a 27% price jump in eBay stocks leading to investor concerns. The company recently announced cutting 9% of its workforce. eBay Inc also came under criticism for no longer accepting American Express leading to a dip in shares. Furthermore, an analyst from Vanguard Group Inc. grew their position in eBay.
Ebay Stocks News Analytics from Mon, 02 Oct 2023 07:00:00 GMT to Sun, 28 Jul 2024 15:18:00 GMT -
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