Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Coinbase Global Inc shares valued at $3,806,176 were sold by Ehrsam Frederick Ernest III on Apr 23 ’24. At $232.37 per share, Ehrsam Frederick Ernest III sold 16,380 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Rajaram Gokul sold 1,145 shares, netting a total of over 246,828 in proceeds. Following the sale of shares at $215.57 each, the insider now holds 3,688 shares.
Before that, Ehrsam Frederick Ernest III had sold 16,380 shares from its account. In a trade valued at $3,505,222, the Director traded Coinbase Global Inc shares for $213.99 each. Upon closing the transaction, the insider’s holdings decreased to 16,380 shares, worth approximately $0.0.
As published in a research note from BofA Securities on April 10, 2024, Coinbase Global Inc [COIN] has been retained to an Underperform and the price target has been revised to $110. Analysts at Barclays resumed the stock at ‘”an Underweight”‘ outlook in a report released in early April. As of April 04, 2024, Oppenheimer has reiterated its “an Outperform” rating for COIN. Earlier on April 03, 2024, Keefe Bruyette resumed its rating. Their recommendation was “a Mkt perform” for COIN stock.
Analyzing COIN Stock Performance
During the last five days, there has been a surge of approximately 2.54%. Over the course of the year, Coinbase Global Inc shares have jumped approximately 28.57%. Shares of the company reached a 52-week high of $283.48 on 03/25/24 and a 52-week low of $114.51 on 02/07/24. A 50-day SMA is recorded $228.23, while a 200-day SMA reached $135.89. Nevertheless, trading volume fell to 5.07 million shares from 6.74 million shares the previous day.
Support And Resistance Levels for Coinbase Global Inc (COIN)
According to the 24-hour chart, there is a support level at 216.19, which, if violated, would cause prices to drop to 208.76. In the upper region, resistance lies at 228.49. The next price resistance is at 233.36. RSI (Relative Strength Index) is 46.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.37, which suggests the price will decrease in the coming days. Percent R is at 69.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
