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eBay CFO Stephen J. Priest sells $67,072 in company stock

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Stephen J. Priest, the Senior Vice President and Chief Financial Officer of eBay Inc. (NASDAQ:EBAY), reported a recent sale of company stock. According to a Form 4 filing with the Securities and Exchange Commission,
Stephen J. Priest, the Chief Financial Officer of eBay Inc., sold 2,787 shares of the company's stock on June 13, 2024, at an average price of $52.73 per share, totaling $146,968.51. This transaction was part of a series of sales by Priest, who over the past year has sold a total of 11,750 shares without any recorded purchases. Despite these sales, eBay's stock has experienced a slight increase of about 0.3% since the transaction, with shares trading at $52.89. The company's market cap stands at $26.77 billion, and its price-earnings ratio is 10.37, which is lower than both the industry median and eBay's historical median, suggesting the stock might be undervalued. However, the insider selling trend, with 36 sells and no buys over the past year, could be a point of concern for potential investors.

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