According to the Nasdaq, eBay Inc’s shares have closed today on a high at a price of $60.81.
The stock has been doing pretty well for several weeks and has clearly recovered from that 2009 low.
Why is this? Nasdaq.com give plenty of reasons and most of them are unsurprising. Firstly, it would seem that lots of investors like the idea of the PayPal divorce and it mustn’t be forgotten that eBay Inc. has also had a pretty solid year in terms of growth and profits. Obviously, investors like the fact that eBay has also had a fairly substantial cull of employees recently letting 7% of the workforce go.
My concern with the eBay and PayPal divorce is that it is a distraction. I can’t see how very much else is going to get done with staff focussing on the very real myriad of concerns that have to be dealt with prior to the the split in the 3rd quarter of 2015.
