One Reason eBay (EBAY) Stock Is Up Today

NEW YORK (TheStreet) — Shares of eBay Inc. are up today 3.35% to $50.85 after hedge fund manager Daniel Loeb, CEO ofaThird Point,atold investors that hisafirm made new bets on the global technology company and Alibaba Group Holding Ltd.a , while exiting other names, including Sony Corp. , Reuters reports. The Third Point letter said the fund is long on eBay and Alibaba, according to CNBC …

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