EBay Higher After Inline Q4 Report

eBay Inc EBAY shares are trading higher by $2.00 (7 percent) at $32.23 in Thursday's session.

The rally to nearly an all-time high is taking place after an inline Q4 report. At this time, investors are not concerned about its lower guidance for FY 2017 EPS and sales.

After a higher open, it continued higher to $32.85 before reversing course. That is just shy of its all-time high that was made on September 29 at $33.19. Its all-time closing high was posted the following day at $32.90.

Since making that high, profit-takers nudged the issue down to $31.81,which is well ahead of the top of Wednesday's range ($30.50) before rebounding back into the lower $32 handle.