Shares of eBay (EBAY) are breaking out in the stock market today. The online marketplace currently has an IBD Composite Rating of 92 out of 99 and has seen increasing Relative Strength over the past few weeks. EBay climbed 1.2% to 61.30 in late afternoon trade Friday to a new high, breaking out of a flat base with a 61.03 buy point. Volume is on track to be the highest in at least a month. Shares are in buy range to 64.08. The online sales game is
PayPal agreed to pay $25 million to settle Consumer Financial Protection Bureau allegations that it unlawfully signed up tens of thousands of consumers for an unwanted credit service called PayPal Credit. The eBay (EBAY) subsidiary, which will be spun off next quarter, allegedly enrolled into PayPal Credit customers attempting to enroll in a regular PayPal account. Many of the unwitting PayPal Credit customers learned of what happened after they
Search leader Google (GOOGL) reportedly will be the next tech giant to experiment with a “buy” button, as it strives to elevate its stature in e-commerce, according to a report in the Wall Street Journal. Google’s buy button is set for launch only on mobile devices in the coming weeks, says the WSJ. The move would pit Google against e-commerce heavyweights led by Amazon.com (AMZN) and eBay (EBAY). People searching for products on Google using