Market Overview

eBay Popped After Capitulating To Activist Shareholders, But The Chart Is Pointing Down For Now

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Summary:

  • eBay Inc (NASDAQ: EBAY) popped by as much as 5.3 percent on Friday morning before pulling back to end the day about 0.5 percent higher.
  • The company announced it had entered into cooperation agreements with two activist shareholders.
  • However, at this stage in its current market cycle, we see downside risk in the coming months.

eBay (EBAY) Stock Weekly Chart

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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