eBay Gains on Income, While US Airways Talks Merger
eBay Inc (NASDAQ:EBAY) shares closed the day at $40.62, up sharply at $4.75 (+13.24%) on massive volume of 60M shares traded. That is about 6 times the average daily volume for the company.
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eBay owes its day of market dominance to its PayPal division as higher revenue allowed the company to have a 20 percent gain in first-quarter net income.
eBay shares blasted to new ground on the stock chart as shares set a very strong new high today of $41.84. In the last 12 months shares have traded between $26.86 and today's new high of $41.84. eBay shares are currently trading with a P/E Ratio of 14.1 and EPS of 2.54. Investors should be looking for this company to continue its progress! (Article continues below chart)
Next up, US Airways Group, Inc. (NYSE:LCC) shares marched up like they were on an elevator today, closing up nearly 16% at $9.51 per share. Investors have the merger news to thank for the jump in price as US Airways is in talks to acquire the now bankrupt American Airlines.
LCC share are at a pivotal point on the stock chart as they sit just below the recent 52-week high of $10.35. Investors should be loving the fact that shares are right below that point on massive volume today of 31M shares versus an average daily volume of 8.2M. If the merger can happen, watch for this stock to continue its upward trend!