Large Outflow of Money Witnessed in eBay Inc.

eBay Inc. (EBAY) managed to stay afloat and traded higher with an addition of 0.35 point or 1.1% at $32.18. The money flow data is a negative $(-6.11) million with $42.15 million in upticks and $48.27 million in downticks. The intraday up/down ratio came in at 0.87. The shares has seen -1.02% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $15.31 million and the combined worth of the downticks was $17.6, Million, leading to the up/down ratio of 0.87. The block trade saw a net money flow of $(-2.29) million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of eBay Inc. rose by 6.45% in the last five trading days and 8.39% for the last 4 weeks. eBay Inc. is up 12.87% in the last 3-month period. Year-to-Date the stock performance stands at 8.39%. eBay Inc. (NASDAQ:EBAY) rose 1.1% or 0.35 points on Wednesday and made its way into the gainers of the day. After trading began at $31.9 the stock was seen hitting $32.24 as a peak level and $31.83 as the lowest level. The stock ended up at $32.18. The daily volume was measured at 9,700,776 shares. The 52-week high of the share price is $33.19 and the 52-week low is $21.515. The company has a market cap of $35,975 million.

Company has reported several Insider transactions to the SEC, on Jan 31, 2017, Robert Holmes Swan (director) sold 200,608 shares at 32.00 per share price.On Nov 23, 2016, Brian J. Doerger (VP, Chief Accounting Officer) sold 18,000 shares at 28.93 per share price.On Nov 3, 2016, Logan Green (director) purchased 1,000 shares at 28.32 per share price.

eBay Inc Last issued its quarterly earnings results on Jan 25, 2017. The company reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.53. The company had revenue of $2395.00 million for the quarter, compared to analysts expectations of $2399.82 million. The companys revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Stifel on Jan 26, 2017 to Hold, Raises Price Target to $ 35 from a previous price target of $31 .Company shares were Reiterated by RBC Capital Mkts on Jan 26, 2017 to Sector Perform, Raises Price Target to $ 34 from a previous price target of $32 .Company shares were Reiterated by Aegis Capital on Jan 26, 2017 to Buy, Raises Price Target to $ 38 from a previous price target of $36 .eBay Inc was Reiterated by The Benchmark Company on Jan 24, 2017 to Buy, Lowers Price Target to $ 37 from a previous price target of $39 .eBay Inc was Initiated by Aegis Capital on Jan 3, 2017 to Buy, Price Target of the shares are set at $36.

eBay is one of the worlds largest online trading communities. eBay creates a powerful marketplace for the sale of goods and services by a passionate community of individuals and small businesses. eBay enables trade on a local, national and international basis with local sites in numerous markets in the United States and country-specific sites in the United Kingdom, Canada, Germany, Austria, France, Italy, Japan, Korea and Australia. (Company Press Release)

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