eBay Inc. (EBAY) shares surged after GameStop Corp. disclosed in a regulatory filing that it has increased its ownership stake in the e-commerce platform to approximately 6.6%. This aggressive move escalates the hostile takeover battle led by GameStop CEO Ryan Cohen.
- The stake increase comes just days after eBay's board rejected an unsolicited $56 billion acquisition proposal.
- Analyst firm Bernstein adjusted its price target on eBay upward to $100 from $95.
- eBay shares closed at $118.96 (a +4.13% increase) on May 20, 2026.