eHealth, Sea, and Coupang Shares Are Soaring, What You Need To Know

What Happened?

A number of stocks jumped in the afternoon session after renewed enthusiasm for Alphabet reinvigorated the artificial intelligence trade, propelling a market rebound heading into the Thanksgiving holiday. The Nasdaq index jumped 2.6% and the S&P 500 gained 1.6%, driven by a 5% rally in Alphabet following the announcement of its upgraded Gemini 3 AI model. This optimism spilled over into the broader tech sector. The rally built on momentum from the previous trading session, sparked by the New York Fed president keeping the door open for a December interest rate cut.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Online Marketplace company eHealth (NASDAQ:EHTH) jumped 4%. Is now the time to buy eHealth? Access our full analysis report here, it’s free for active Edge members.
• Online Marketplace company Sea (NYSE:SE) jumped 3%. Is now the time to buy Sea? Access our full analysis report here, it’s free for active Edge members.
• Online Retail company Coupang (NYSE:CPNG) jumped 2.9%. Is now the time to buy Coupang? Access our full analysis report here, it’s free for active Edge members.

Zooming In On eHealth (EHTH)

eHealth’s shares are extremely volatile and have had 58 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 3 days ago when the stock gained 6.9% on the news that comments from a key Federal Reserve official bolstered hopes for an interest rate cut. New York Federal Reserve President John Williams stated he sees “room for a further adjustment” in the near term, sparking a significant market rally. Following his remarks, the probability of the central bank cutting rates at its December meeting jumped from 39% to over 73%, according to the CME FedWatch tool. This positive sentiment provided relief to markets amid concerns over high valuations, particularly in AI-related stocks.

eHealth is down 59.5% since the beginning of the year, and at $3.62 per share, it is trading 67.5% below its 52-week high of $11.14 from February 2025. Investors who bought $1,000 worth of eHealth’s shares 5 years ago would now be looking at an investment worth $47.70.

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