Shares of eBay climbed Wednesday after Meta Platforms said it would let users browse eBay listings on Facebook Marketplace amid pressure from the European Union. The stock was up 11% to $70.33. Shares have risen 65% over the past 12 months.

The social media giant will let some users browse eBay listings on its Facebook Marketplace platform after the EU ruled that the link between its classified-ads service and flagship social network undermined competition.

Key Takeaways U.S. equites were slightly lower at midday as the market weighed the latest report on private sector employment and waited for the government's jobs report later this week.EBay shares soared when Meta Platforms' Facebook allowed the online retail site to post its listing on the social media site.

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On the winning end of Wall Street, eBay jumped 9.9% for the biggest gain in the S&P 500 ... Brent crude, the international standard, was also up 5 cents, at $76.21 per barrel. The euro fell to $1.0304 from $1.0319.

Morgan Stanley analyst Nathan Feather maintained a Buy rating on eBay (EBAY – Research Report) today and set a price target of $72.00. The

Monday said it has agreed to acquire Caramel, an end-to-end online automotive transaction solution provider. The

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Wells Fargo lowered the firm’s price target on eBay (EBAY) to $59 from $62 and keeps an Equal Weight rating on the shares ahead of quarterly

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