Filed under: Industry, Competitive strategy, eBay (EBAY), General Motors (GM), Options, Technical Analysis

eBay Inc. (NASDAQ: EBAY) stock is falling this morning after the company announced on Friday that it will list the entire inventory of General Motors (NYSE: GM) used-car segment. In addition, both GM and EBAY will develop marketing and other offerings designed to drive leads and sales to GM dealers. In theory, this should help out EBAY, but the stock is lower today as investors don’t think it is good enough news to overcome the slumping economy. If you think this stock won’t be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on EBAY.

After hitting a one-year high of $40.73 in October, the stock hit a one-year low of $25.64 in January. This morning, EBAY opened at $28.04. So far today the stock has hit a low of $27.60 and a high of $28.11. As of 11:00, EBAY is trading at $27.88, down $0.19 (-0.7%). The chart for EBAY looks bearish but improving, while S&P gives the stock its highest 5 STARS (out of 5) strong buy rating.

Continue reading eBay to list GM preowned inventory

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This entry was posted on Monday, February 11th, 2008 at 2:35 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.