eBay and PayPal parted company on the 17th July. That means that they have been operating seperately for nearly a month now.
So what’s going on? See below the stock price graphs for the two firms. What are the key trends?
Firstly, PayPal continues to have a significantly greater market capitalisation than eBay, as expected. The cliff on the eBay price represents the split and since then the stock has remained notably static.
Unsurprisingly, PayPal’s graph is a bit more interesting. But reports of a runaway price haven’t come true. It’s doing well but remains remarkably close to the split price and is not showing an explosive increase some predicted.
Admittedly we’re in a quiet summer time for business so we will see what happens but this looks like a holding pattern that will continue until the Q3 results are reported in October.
