Piper Optimistic On eBay's Rebound From Data Breach And Google Panda

by Benzinga Staff
July 11, 2014 12:43 PM | 1 min read

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

Piper Jaffray analyst Gene Munster commented on eBay's (NASDAQ: EBAY) quick rebound from its data breach and the Google (NASDAQ: GOOG) algorithm change following ChannelAdvisor (NYSE: ECOM) data. According to ChannelAdvisor, eBay same-store-sales increased 12.3 percent in June, a 1.3 percent gain from May. Munster remarked that the data suggests the company is quickly rebounding from the data breach and Google Panda problems. Piper Jaffray reiterated an Overweight rating and $63.00 price target. The target price suggests a 25.17 percent upside to eBay shares. Shares of eBay closed at $50.33 on Thursday. The stock gained as much as three percent Friday morning.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

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Posted In: Analyst ColorReiterationAnalyst RatingsGene MunsterPiper Jaffray

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