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ebay is in the greenAfter falling 4.9% in yesterday's trading session to test a new 52 week low at 28.20, eBay Inc. shares have rebounded this morning up 0.8% to lift the stock back up to 28.47 gaining 0.22.

The stock underwent strong selling pressure yesterday as investors reacted to news that Google could begin testing of its online payment system, GBuy, as early as today. How this will ultimately play out for eBay remains to be seen, but for a stock that has already been struggling recently the new competition could put the stock to the ultimate test.

Ebay bounces off 52-week low to trade into the green originally appeared on BloggingStocks on Wed, 28 Jun 2006 11:43:00 EST. Please see our terms for use of feeds.

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