eBay Stock Stays Positive

eBay Inc. (NASDAQ: EBAY) opened at $34.20. So far today the stock has hit a low of $33.85 and a high of $33.65. As of 1:15, EBAY is trading at $33.65, down $0.07 (-0.2%).

After hitting a one year high of $40.82 in April 2006, the stock has been met with resistance just above $34 over the past five months. Piper Jaffray upped EBAY’s price target to $37 per share and also boosted earnings estimates for the company based on higher sell-through rates. The technical indicators for EBAY have been bullish and steady, while S&P gives the stock a very positive 5 STARS (out of 5) strong buy rating.

Higher sell-through rates expected for eBay – BloggingStocks

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