Ebay Launches App to Buy and Sell Cars. Is Ebay stock a buy?

ebay stock chart

Ebay announced it was launching an app for people to buy and sell cars. We believe this is an effort to “carve out a niche” for online sales from competitors EBay shares are trading at a 10-month low, having decreased by 1.7% since the end of November. Over the past three months, the issuer’s quotes have lost more than 13%. The company sells its StubHub marketplace to European competitor Viagogo for $4.05 billion within the company’s new course with a focus on its core online sales business. Over the past week, eBay shares fell 0.14%. Over the same period, the S&P 500 index rose 0.92%.

Investors today remain focused on the results of the meeting of the US Federal Reserve and trade relations between the US and China. Yesterday, the regulator, as expected, kept the key interest rate within the range of 1.50–1.75%. The accompanying statement stated that monetary policy is likely to remain the same for an indefinite period. FOMC members believe that current policies are appropriate to support sustainable economic growth, the labor market, and inflation. According to the Fed’s dot plot, the rate will remain unchanged throughout 2020. As for the US-China trade negotiations, the deal is unlikely to be concluded in the near future. This is evidenced by the meeting of US President Donald Trump with leading economic advisers, which, according to Reuters, should be held today in the White House. Most likely, it will be about whether to introduce the tariffs planned for December 15. The decision to introduce new duties may complicate the course of negotiations and put additional pressure on the global economy.


investment fraud lawyersRecover Your Investment Losses. Please Contact Haselkorn & Thibaut at 1 888-628-5590 or visit InvestmentFraudLawyers.com for a free consultation on recovering your investment losses.

Ebay Stock Support and Resistance

The issuer continues to trade within a protracted flat. There is no unidirectional trend observed. The local support and resistance levels are 34.50 and 35.50, respectively. There is potential for further decline. Indicators do not give accurate signals: price crossed MA (50); the MACD histogram is near the zero line. It is better to open the positions from the key levels. A comparative analysis of the multiples of the company and competing companies in the industry indicates that the instrument is underpriced.

Resistance levels: 35.50, 36.50, 37.30.
Support levels: 34.50, 33.00.

Ebay Stock Trading Ideas

Short positions may be opened after the price consolidates below the level of 34.50. The closing of the profitable positions is possible at 33.50, 32.50 and 32.00. Stop loss – 35.50. Long positions may be opened after the price consolidates above the level of 35.50 with the targets at 37.00–38.00. Stop loss – 34.50. Implementation period: 3 days.


Ebay Stock Recommendations

Oct-24-19 Reiterated BofA/Merrill Neutral $45 → $42
Oct-24-19 Downgrade Raymond James Outperform → Mkt Perform
Oct-24-19 Downgrade Aegis Capital Buy → Hold
Oct-21-19 Resumed Deutsche Bank Hold $46 → $42
Sep-27-19 Downgrade Wells Fargo Outperform → Market Perform
Sep-04-19 Downgrade UBS Buy → Neutral $42
Jul-18-19 Reiterated Aegis Capital Buy $43 → $45
Apr-24-19 Reiterated The Benchmark Company Buy $42 → $45
Jan-30-19 Reiterated The Benchmark Company Buy $41 → $42
Jan-30-19 Reiterated Susquehanna Positive $33 → $43
Jan-30-19 Reiterated Raymond James Outperform $35 → $39
Jan-30-19 Reiterated Citigroup Buy $42 → $41
Jan-23-19 Reiterated BofA/Merrill Neutral $34 → $38
Jan-04-19 Downgrade Goldman Buy → Neutral
Jan-02-19 Reiterated Aegis Capital Buy $44 → $40
Dec-12-18 Downgrade Morgan Stanley Overweight → Equal-Weight
Oct-31-18 Reiterated UBS Buy $44 → $42
Oct-31-18 Reiterated The Benchmark Company Buy $50 → $41
Oct-31-18 Reiterated RBC Capital Mkts Sector Perform $34 → $31
Oct-31-18 Reiterated Raymond James Outperform $34 → $35

2 thoughts on “Ebay Launches App to Buy and Sell Cars. Is Ebay stock a buy?”

  1. Avatar

    Great items from you. I have taken note your stuff previous to and you are simply extremely fantastic. I actually like what you have obtained here, really like what you are saying and the best way during which you assert it. You are making it enjoyable and you continue to care for to keep it smart. I cannot wait to learn far more from you.

  2. Avatar

    It’s hard to find knowledgeable people on this topic, but you sound like you know what you’re talking about! Thanks

Comments are closed.

Scroll to Top