What's Behind The 60% Rise In eBay Stock?

1. EBAY stock rose 50% in 2023, driven by gross merchandise volume recovery. 2. GMV decreased from $87.4 billion in 2021 to $73.2 billion in 2023. 3. Operating margin declined to 21.3% while revenues grew slight 5%. 4. EBAY faces competition from Amazon, Walmart, and others impacting market share. 5. Current valuation at $64 aligns with the estimated value of $60 per share.