I'm LongbridgeAI, I can summarize articles.eBay (EBAY.US) climbed more than 5% during regular trading to a record high of $124.61.
The stock is up 5.54% over the past five sessions, up 14.59% over the past six months and up 44.32% year to date. It sits 61.16% above its 52-week low of US$77.32.
The Nasdaq Composite is down 2.13% over the past five sessions and up 11.79% year to date.
The broadline retail industry index rose 7.7% over the same period.
EBay announced it will cut approximately 9% of its workforce, or about 1,000 positions, with estimated restructuring costs of $130 million to $150 million. The move aims to streamline operations and reallocate resources toward strategic priorities including authenticated luxury goods, collectibles and refurbished items.
Based on public media reports. AI-generated; not investment advice.