US STOCKS-EBay jumps in premarket, to spin off PayPal

martes 30 de septiembre de 2014 07:47 GYT

* Futures up: Dow, S&P 0.3 percent, Nasdaq 0.6 pct

By Ryan Vlastelica

NEW YORK, Sept 30 (Reuters) - Shares of eBay Inc jumped in premarket trading on Tuesday, moving on the heaviest volume of any premarket stock after it said it would spin off its PayPal division into a publicly traded company.

The stock jumped 12 percent to $59.10, with more than 1.2 million shares exchanging hands minutes after the stock was opened following a halt. Shares were on track for their biggest one-day advance since April 2012, and looked to return to positive territory for the year.

EBay was the most active name on either the New York Stock Exchange or the Nasdaq, and its rise helped Nasdaq futures add to their gains.

Also rallying in premarket was Move Inc, which climbed after News Corp agreed to buy the property website for about $950 million. Shares of Move surged 37 percent to $21, putting it on track for its biggest one-day move since October 2008.

Futures snapshot at 7:37:

* S&P 500 e-minis were up 6.75 points, or 0.34 percent, with 143,610 contracts changing hands.

* Nasdaq 100 e-minis were gaining 25 points, or 0.62 percent, in volume of 29,532 contracts.

* Dow e-minis were up 54 points, or 0.32 percent, with 20,107 contracts changing hands. (Editing by Lisa Von Ahn and Chizu Nomiyama)