eBay Inc. (EBAY) climbed sharply during the first 2 hours of trade Thursday, following media reports that the company is considering a spinoff of its PayPal unit as early as next year.
eBay ended the session higher by 2.49 at $55.89, with volume at a 7-month high. The stock broke out of a 1-month range and set a 4 1/2 month high.
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