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Unheralded eBay Inc (EBAY) Stock Looks to Add to Big 2017

Ebay Inc (NASDAQ:EBAY) was one of the choppier selections in the markets last year. Between beak and trough, prices last year measured more than 50%. The annual return on EBAY stock, however, came to a Street-beating but still quiet 9.5%.

So far, things are much better in 2017.

EBAY stock has run up almost 25% for the year-to-date, and it’s heading into Thursday evening’s second-quarter earnings report building up quite the head of steam. Shares now trade near their highest point since spinning off PayPal Holdings Inc (NASDAQ:PYPL) back in 2015.

Ebay is on pace to beat its outstanding annual average return since 1999 (21%) — all it has to do is not choke on its way to the finish line. That said, recent developments indicate that the stock will continue to remain on the right side of momentum.

Last week, cloud-based merchant solutions provider Shopify Inc (US) (NYSE:SHOP) announced that it will add eBay as a sales channel. Expected to go live later this fall, the partnership will allow Shopify to tap into eBay’s 169 million active shoppers. In return, eBay has another avenue to build its revenue stream. According to Shopify, 60% of their merchant clients sell in two...