In the first two hours of trading, volumes soared to 10.3 million shares, versus the average full-day trading volume seen by the stock of approximately 9.5 million shares.
eBay, which has shed 16% of its value in the trailing 12 months, closed over 1% in green on Monday. The stock had earlier in February soared to a record of $46.19, when it reported that it was taking over the remaining payment processing works from PayPal, with the help of a new partner, Adyen.
On a year-to-date basis, the stock has lost 14%, compared to a 7% rally by the S&P 500 Index.
eBay is scheduled to report third-quarter earnings on October 30, and investors will be looking at how much the online marketplace had been able to exploit the bullish sentiments in the e-commerce sphere to improve user base and volume.