eBay (EBAY) shares are under heavy selling pressure on Wednesday as a large stock sale by a company insider weighs on sentiment.
According to a filing with the U.S. Securities and Exchange Commission, Chief Commercial Officer Jordan Sweetnam sold more than 33K of stock, worth over $3M, as part of a planned sale from August 2025.
While a planned sale should not unnerve investors, the stock has had an outsized reaction, losing as much as 12% and breaching support at both the 100- and 200-day moving averages.
