Volume Spike Investor » EBAY

eBay Makes Up For Wednesday Loss After Citigroup Upgrade

247admin — Thu, 12 Aug 2010 12:24:13 +0000

Ebay inc. (NASDAQ: EBAY) was upgraded to a buy this morning by citigroup, largely erasing yesterday’s 3% loss in pre-market trading. At 8:10AM EDT, EBAY shares were up 2.12% to 21.70, which is on the low end of the online auction company’s 52-week range 19.06 - 28.37. The stock had only traded 10,214 shares relative to a daily average of 14.62 million.

-Michael B. Sauter

eBay, When Monopolies Are Not Good Enough (EBAY)

247admin — Thu, 22 Apr 2010 12:49:07 +0000

eBay Inc. (NASDAQ: EBAY) is trading lower and it sold off after a mixed earnings report. It barely beat earnings, barely, despite its near-monopoly position. The earnings and revenue guidance metrics were in-line to weak for both the Q2 and the Fiscal-2010 forecasts. A big disappointment, with the only good news being that it still has fairly low forward earnings multiples for a company with a near-monopoly. Shares are trading down 6.9% at $24.48 on more than 1 million shares as of 8:47 AM EST after a $26.29 close. The 52-week range is $14.06 to $28.37 and average volume is over 16 million shares.

JON OGG

Top Tech Movers (EBAY, GRMN, LOGI, PLXS, JAVA, ORCL, STX)

247admin — Thu, 21 Jan 2010 13:57:55 +0000

eBay Inc. (NASDAQ: EBAY) ex-Skype figures were up 18% and the company beat estimates and raised guidance. Frankly, after a 125% gain the guidance did not seem strong enough to justify this move, but the market is always stronger than one voice or one opinion. Shares are up 8.8% at $24.20 on 1.47 million shares. (8:46 AM EST)

Garmin Ltd. (NASDAQ: GRMN) is getting o deal with a free navigation tool, this time from Nokia rather than from Google. You know what this will do to the stock on ‘free’ GPS and PND services even if Garmin is a far leader. Shares are down 7% at $33.62 on about 30,000 shares. 8:48 AM EST)

Logitech International (NASDAQ: LOGI) profits rose over 40% on cost cuts and the sales decline slowed; guidance: $500 million and $515 million in sales, gross margin of about 34%, and operating income between $15 million and $20 million. Shares are trading up 0.3% at $18.52 on 173,000 pre-market shares (total average volume is only 1.05 million shares). (8:50 AM EST)

Plexus Corp. (NASDAQ: PLXS) is running higher after posting $0.44 EPS vs. $0.34 estimates and sees next quarter $0.44 o $0.52 EPS vs. $0.31 estimates from Thomson Reuters. Shares are up 7% at $31.02, a new high above the 52-week high of $31.00. pre-market volume is only 37,000 shares versus average volume of 226,000 shares per day. (8:52 AM EST)

Sun Microsystems Inc. (NASDAQ: JAVA) is finally going to be acquired by Oracle Corporation (NASDAQ: ORCL) after the EU figured out they could clear the takeover after a drawn out investigation brought to light that Sun just can’t make it on its own. Oracle is up 0.15% at $25.10 but was up almost 2% in overseas trading at one point this morning. Sun Microsystems is up 0.5% at $9.48 on the news. (8:41 AM EST)

Seagate Technology (NASDAQ: STX) proved that the world is addicted to storage and drives after significantly beating estimates and please on guidance. This sets up a very high bar for rival Western Digital that is reporting earnings after he close. Shares are trading up almost 11% at $19.70 after a $17.76 close, making a new 52-week high above $19.04. We have also seen 624,000 shares. (8:42 AM EST)

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JON C. OGG

eBay Options Trading Surge (EBAY)

247admin — Thu, 08 Oct 2009 16:29:00 +0000

eBay Inc. (EBAY) shares have hit 52-week highs today as a lawsuit against Skype is dropped and shares were upgraded at Kaufman to a Buy. Shares are trading 15X forward earnings, and estimates seem too low for a company still seeing growth in core assets like Skype and PayPal, with the ability to spin off these assets as well. Earnings are set for October 21st and November call action is exploding, as 17,677 November 426 calls and 25,087 November $27 calls trade against low open interest with shares at $25. A massive block of over 1.3 million shares traded around the same time so a large covered call position is responsible for much of the volume. The 200 week EMA at $27.50 is the next resistance area that coincides with the 38.2% Fib level. Implied volatility is relatively cheap at 43% considering the 15% move after last quarter’s results.

-Joe Kunkle, OptionsHawk.com

Price/Volume Action in eBay (EBAY)

247admin — Mon, 03 Aug 2009 12:18:23 +0000

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

PREMARKET ALERT: eBay (EBAY)

247admin — Thu, 23 Jul 2009 11:32:34 +0000

eBay Inc. (Nasdaq: EBAY) shares are up more than 6 percent to $20.76 in early premarket trading of roughly 12,000 shares as of 7:30 a.m. Eastern, and were the the most active Nasdaq shares after hours. The online auction service reported second quarter EPS of 37 cents a share, a penny better than expectations. The company sees Q3 EPS in line, and Q3 revenue slightly higher than expectations. Net total payment volume for the quarter was $16.71 billion, up 12%. Gross merchandise volume rose 2% from the prior quarter to $11.1 billion. The company said it sees modest momentum going into the second half, although sales of big-ticket items remain sluggish. — Mike Tarsala

Major Techs Hitting 52-Week Lows (AAPL, CSCO, EBAY, EMC, GOOG, RIMM, JAVA, YHOO)

247admin — Mon, 06 Oct 2008 13:58:14 +0000

This morning we put out an alert at 24/7 Wall St. showing how many new stocks were hitting 52-week lows. What was shocking was how many major and key technology or Internet names were on the list. You can see the full list of lows here, but here are some of those technology stocks hitting those lows:

Apple (AAPL) fell to $91.11
Cisco (CSCO) fell to $20.10
eBay (EBAY) is down 7% at $17.61
EMC (EMC) sold down to $11.03
Google (GOOG) dropped to $366.58
Research in Motion (RIMM) down almost 8% to under $56.00
Sun Microsystems (JAVA) dropped to $6.51
Yahoo! (YHOO) dropped to $15.17

Jon C. Ogg
October 6, 2008

TOP PRE-MARKET GAPPERS (YHOO, BRL, ETFC, HBAN, ARMH, EBAY, VCLK)

247admin — Thu, 17 Jul 2008 13:22:41 +0000

It is 9:25 AM and here are you most active gap-up and gap-down stocks this morning:

YHOO up 4.5% at $23.50 on 1.12 million shares.
Barr Pharma (BRL) up 17% at $54.80 on almost 400,000 shares.
E*TRADE (ETFC) up 11% at $3.50 on 1 million shares.
Huntington Bancshares Inc. (HBAN) up almost 20% at $6.85 on 188,000 shares.
ARM Holdings (ARMH) up 13% at $6.00 on 31,600 shares.
EBAY -12% at $24.70 on over 2.6 million shares.
ValueClick (VCLK) down 17% at $11.40 on 125,000 shares.

Jon C. Ogg
July 17, 2008