ELECT 24 Top Ad

Avoid eBay Stock as 2024 Comes to a Close

For those looking to speculate, options are affordably priced

Deputy Editor
Oct 1, 2024 at 12:37 PM
facebook X logo linkedin


E-commerce stock eBay Inc (NASDAQ:EBAY) is 0.5% higher at $65.39 at last glance, and earlier scored a fresh three-year high of $65.57. EBAY's gains accelerated after the company's fourth-quarter earnings report in February. The security now boasts a 50% year-to-date lead after yesterday clocking third-straight quarterly and monthly wins.

EBAY Chart October 12024

Despite this impressive technical setup, it may be best to take a wait-and-see approach to the e-tail stock, as it tends to underperform in the fourth quarter despite the holiday shopping season. Per Schaeffer's Senior Quantitative Analyst Rocky White's list of the 25 worst performing S&P 500 Index (SPX) equities in the last 10 years, eBay is one of the worst names to own. 

Digging deeper, EBAY finished eight of the last 10 fourth quarters lower, averaging a 1.9% loss. From its current perch, a move of similar magnitude would put the equity around $64.

Worst of Q4 October 12024

An unwinding of optimism in the options pits could also weigh on the equity. This is per EBAY's Schaeffer's put/call open interest ratio (SOIR) of 0.52 that sits higher than just 1% of readings from the past 12 months, which implies short-term options traders are operating with a call-bias at the moment.

Options look to be an attractive route to go when weighing in on the stock. EBAY'S Schaeffer's Volatility Index (SVI) of 24% ranks in the low 11th percentile of the last 12 months. What's more, the security's Schaeffer's Volatility Scorecard (SVS) sits at a low 10 out of 100, making it a prime selling candidate.  

 

Biden’s government just announced a new government "stimulus program"...

And it could hand you a payment for as much as $7,882 — each quarter.

See, it has to do with a recent 19-page memo from Biden’s office...

Directing the government to once again send a form of "stimulus payments" to the mailboxes of Americans during these difficult times.

Better still, you can collect these payouts every single quarter — for life...

Payments run as high as $7,882... And it only takes five minutes to sign up.

I call this the "Stimulus Stipends" program…

And Forbes recently declared that you can "retire rich" thanks to this program.

So if you want to start cashing in your quarterly payouts — courtesy of the U.S government...

Discover how to receive your FIRST "Stimulus Stipends" payment for up to $7,882 here. 
 (ad)
 

election 2024 report

                                                  AD                                                  
best AI trade you can make today…?
(it’s not MSFT, GOOGL, AMZN or AAPL)

                                                  AD                                                  

 
 

                                   ๐Ÿ’ฐ๐Ÿ”’๐ŸŒ AD ๐ŸŒ๐Ÿ”’๐Ÿ’ฐ                                
Crypto Income (with as little as $50)
                                   ๐Ÿ’ฐ๐Ÿ”’๐ŸŒ AD ๐ŸŒ๐Ÿ”’๐Ÿ’ฐ                                

 


                                               AD                                                    
Crazy Opportunity!! Tiny AI Stock just $3
“This Type of AI Will Be Worth “Ten MSFTs.”

                                               AD                                                    

 
4 AI STOCKS TO BUY NOW
 

                                                  AD                                                  
best AI trade you can make today…?
(it’s not MSFT, GOOGL, AMZN or AAPL)

                                                  AD