eBay stormed out of the gate, rising from $1.66 to over $25/share within 7 months of its IPO in 1998. The dot.com bubble cut eBay’s stock price in half before stabilizing at the end of 2000. Over the next 4 years, eBay would steadily rise towards its all-time high of over $58/share. Since hitting its record high in December of 2004, investor sentiment has moderated substantially for the auctioneer, sending its shares back to the mid-teens by early 2009.
Improving consumer sentiment helped Wall Street buy back into online retailers during April. eBay shares closed at $12.56 and $16.47 on March 31st and April 30th, respectively, representing a 31% gain.
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