Skip to content
Subscriber Only

EBay Soars as Traders Cite Unconfirmed Chatter on Activist Stake

The Ebay Inc. App Ahead Of Earnings Released
Photographer: Daniel Acker/Bloomberg

EBay Inc. is soaring on speculation of interest from an activist investor, according to several traders.

Shares are up as much as 6.2 percent, its biggest gain in more than 8 months, to lead the S&P 500 index. Options were particularly active as total call volume spiked to over 6 times the twenty-day average, led by the October $33.50 calls.