Wright Investors Service Inc. and
NewEdge Advisors LLC have purchased significant amounts of
eBay Inc. stock, indicating a level of market confidence in the company. However,
eBay's performance has been inconsistent, with its stock both outperforming and underperforming the market and its competitors on different days. The stock became a growth target after hitting a
52-week high of $59.85 and $65.45. Despite the company's solid growth, insider selling and bearish signals were observed. Analysts have given eBay a general rating of \"Hold\" and include it among
Cantor Fitzgerald's top internet stock picks.
Wells Fargo increased their price target for eBay to $63. Despite these developments, some analysts are encouraging investors to avoid eBay's stock. The e-commerce company's Q2 earnings exceeded expectations, but revenue forecasts for the current quarter were weak, causing a fall in stock prices. The company's chief product officer and CFO have sold significant amounts of company stock. Finally, eBay Inc. announced a new member to its board of directors and managed to dismiss a US lawsuit regarding the sale of harmful products.
Ebay Stocks News Analytics from Mon, 18 Dec 2023 08:00:00 GMT to Sun, 06 Oct 2024 00:22:19 GMT -
Rating 3
- Innovation -1
- Information -2
- Rumor -4
