eBay Inc. (EBAY) Bulls Remain Active After Positive Analyst Note

Axiom had some positive things to say about eBay Inc (EBAY), but the shares remain lower

May 26, 2015 at 10:16 AM
facebook X logo linkedin

For the past several weeks, call buying has been the strategy of choice among eBay Inc (NASDAQ:EBAY) traders. The security's 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio stands at 2.99, meaning roughly three calls have been bought to open for each put. Plus, this reading is only 10 percentage points from an annual peak.

Things are no different today, as nearly 3,600 calls have crossed in EBAY's option pits compared to fewer than 830 puts. It looks like the weekly 6/5 61-strike call is being bought to open, as traders bet on the stock to topple $61 -- which would mark an all-time high -- by next Friday's close, when the series expires.

Elsewhere on the Street, the stock received bullish attention from Axiom, where an analyst upgraded EBAY to a "buy" from "hold" ahead of its PayPal spinoff. The note stated, "Both companies should be well-capitalized after the spin and both are likely to be acquisition candidates in the years following the separation." Regardless, EBAY shares are off 1.1% at $59.07 at last check.

Sentiment is mixed among the other analysts covering eBay Inc (NASDAQ:EBAY), which has traded between $55 and $61 since late February. As it stands now, 13 brokerage firms call the stock at least a "buy," with 15 others calling it a "hold" or worse.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI