Street Fades Susqehanna Upgrade Of Ebay Inc.

Ebay Inc.

shares are trading lower by $0.50 at $58.91. It is trading lower despite an upgrade from Susqehanna, who upgraded the issue from Neutral to Positive and raised its price target all the from $59.00 to $75.00. Off the open, the issue found resistance just where it had over the three prior trading sessions. After peaking on Wednesday ($60.20), Thursday ($60.15), it could not get any farther than $60.04 in today's session before reversing course. The decline has exceeded Thursday's low ($59.09), reaching $58.62 before attempting to reclaim the $59.00 handle. Earlier in the week, the issue made a new all time at $60.92, while posting its all time high close at $60.81. The last time Ebay traded near the $60.00 was in March 2014 and after not being able to maintain that level fell back under $50.00 before rallying back.