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Barchart
Barchart
Wajeeh Khan

Is eBay Stock a Buy, Sell, or Hold Amid Layoffs?

eBay BofA Depop e-commerce

On Thursday, eBay (EBAY) extended gains after the e-commerce giant said it’ll lay off nearly 800 of its employees, effectively reducing its global headcount by about 6%. Investors also cheered EBAY because it posted a market-beating Q4 and issued solid guidance for the full year on Feb. 26, helping the stock breach its 20-day moving average (MA) at the $86 level.

Despite this surge, eBay stock remains down more than 7% versus its year-to-date high. 

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