Price/Volume Action in eBay (EBAY)
Posted in pre-marketAugust 3rd, 2009
eBay Inc. (NASDAQ: EBAY) is trading up after it was noted as the cover story for Barron’s this weekend. The publication said that the company is becoming more like Amazon, but is more profitable. Also noted was that Skype and PayPal were a shareholder bonus. Shares are up 4.5% at $22.20 on about 60,000 shares as of 8:15 AM EST. Average volume is 18 million shares or so, so this volume might feel light. This is still an hour and 15 minutes before the open, and with this much of a gap you can expect the volume to catch up. -Jon Ogg
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