FSMNews

Shares of eBay Inc. posted losses of -1.59% and settled at $31.62 at the close of trade. The stock’s total trading volume reached approximately 10.15 million shares amid its last trading session, with an average volume of 10.28 million shares.                  

In the recent 3-month period, the average numbers of shares were changed hands in a security per day. Meanwhile, the relative volume of the stock posted 0.99, suggesting the relative volume is the ratio between the present volume and the 3-month average value, intraday adjusted.    

Analysts’ Recommendation

Analysts have issued a consensus recommendation of “Outperform” on eBay Inc.’s stocks. In addition, the next earnings release of the company is expected to post an earnings per share (EPS) of about $0.54.

The e-commerce giant has received a 2.49 mean analyst rating a month ago, citing 8 analysts of which gave “Buy Opinions” rating, 0 issued “Sell Thoughts” for the stock, 24 affirmed a “Hold” rating, 7 iterated an “Outperform View” and 2 set an “Underperform Signal” rating.  

Some analysts are expecting the company to post an average sale of $2,398.46 million for the quarter ending December 16, while the estimated sales estimate of analysts posted $2,353.00 million which is expected to reach as high as $2,432.00 million maximum sales.      

FSMNews

StubHub’s Ticket App for Apple TV

eBay Inc declined -1.59% to end at $31.62 at the close of trade, with the stock changing hands between $31.04 - $32.25. Shares traded with 10.11 million shares compared to the average daily volume of 8.53 million shares.  

As the mobile has now become the integral part of the event, StubHub announced its first ticketing app for Apple TV. The new StubHub app for Apple TV is designed to be different from the mainstream core mobile app experiences, which is less transactional and more emotional, allowing people to browse and discover events nearby or cities throughout the U.S.  

The innovative app builds on the theory that the best screen is life-size, considering it is made for the 4th gen Apple TV.      

Current Stance of eBay Shares

The chart below illustrates the ebay shares’ stance amid its next earnings release. At present, the trend signaled market participants to open Buy positions on August 21.

In essence, the stock price positioned above the level of the previous session and settled at 32.49, which touched the support line, suggesting the end of the shown trend. Moreover, stock prices begun consolidating until today’s trade in a bearish tone.

FSMNews

Conclusion

Given that ebay shares were currently consolidating, we concluded that shares would consolidate on a bearish tone as today’s price action is significantly away from the support level.

Get market insights and updates and subscribe to our daily newsletter! FSM News provides accurate market knowledge and information.