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Wajeeh Khan

eBay Stock Pops on GameStop Takeover Offer. Here's What to Know.

eBay GameStop GME Ryan Cohen e-commerce

Today, eBay (EBAY) stock is pushing higher after GameStop (GME) launched an audacious $55.5 billion unsolicited bid to acquire the e-commerce giant. 

Following the rally, EBAY sits firmly above its major moving averages (MAs), albeit with an RSI approaching 70, indicating overbought conditions that often signal a pullback ahead. 

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