eBay Shares Rise 6% After CPI Release
eBay shares rose 6% on Thursday after September CPI inflation was reported at 3.7%, hotter than expected. The stock is benefiting from shoppers seeking secondhand value, and Morgan Stanley recently named it a top pick.
Janet H. Cho reports that eBay is gaining from shoppers seeking value in secondhand goods. Shares rose 6% on Thursday, following the release a day earlier of September’s consumer price index, which showed inflation up 3.7%, more than expected. The move also came days after Morgan Stanley named eBay a top s…