EBay stock normalises after denial of Google stake rumours
Online auctioneer flirts with hefty gains on news of search giant’s interest
Shares of eBay settled from high Friday gains on news that the online auction house had denied claims that Google Inc was exploring the possibility of buying a stake in the company, Reuters reported.
Ebay stock rose as much as 4.7% after rumours spread of Google's interest, but eBay spokesman Alan Marks dismissed the claims.
"We've had no conversations with Google about acquiring a stake in the company," he said.
Options volume in eBay was 2.4 times normal levels, with 98,000 puts and 26,000 calls towards the end of the morning session, according to Reuters, which cited data from options analytics firm Trade Alert.