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eBay closing bell: Finally an up day!

It wasn't a huge percentage gainer, but at least it was in the right direction. After five trading days of losses in a row, eBay shares finally gained some lost ground today. They gained 51 cents, or 1.49%, to close at $34.73.

Seems like investors must have agreed with our morning post pointing out that eBay's stock could be a good deal here. Too bad the shares have slipped 19 cents in after-hours trading (as of 6 p.m.). But that could be temporary.

Be sure to check out the comment on the post. That reader agrees with Sarah and notes a lot of short selling is going on. If there is a sudden spike in the share price, we'll have to figure he was right and a short squeeze is underway. Now, that would be fun!

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IndexesChangePrice
DJIA+152.2511,384.21
NASDAQ+51.122,294.44
S&P 500+21.391,273.70

Last updated: July 09, 2008: 07:27 AM

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