In a filing, Coinbase Global Inc revealed its Chief Legal Officer Grewal Paul unloaded Company’s shares for reported $2.21 million on Apr 25 ’24. In the deal valued at $221.47 per share,10,000 shares were sold. As a result of this transaction, Grewal Paul now holds 66,122 shares worth roughly $14.43 million.
Then, Ehrsam Frederick Ernest III sold 16,380 shares, generating $3,806,176 in total proceeds. Upon selling the shares at $232.37, the Director now owns 0 shares.
Before that, Rajaram Gokul sold 1,145 shares. Coinbase Global Inc shares valued at $246,828 were divested by the Director at a price of $215.57 per share. As a result of the transaction, Rajaram Gokul now holds 3,688 shares, worth roughly $0.8 million.
BofA Securities reiterated its Coinbase Global Inc [COIN] rating to an Underperform in a research note published on April 10, 2024; the price target was $110. A number of analysts have revised their coverage, including Barclays’s analysts, who remained covering the stock and in early April has reiterated a ‘”an Underweight”‘ rating for it. Oppenheimer also remained covering COIN and reiterated its “an Outperform” recommendation on April 04, 2024. Keefe Bruyette maintained its rating on April 03, 2024. It rated COIN as “a Mkt perform”.
Price Performance Review of COIN
On Monday, Coinbase Global Inc [NASDAQ:COIN] saw its stock fall -7.68% to $218.16. Over the last five days, the stock has lost -3.41%. Coinbase Global Inc shares have risen nearly 25.44% since the year began. Nevertheless, the stocks have risen 302.73% over the past one year. While a 52-week high of $283.48 was reached on 03/25/24, a 52-week low of $46.43 was recorded on 02/07/24. SMA at 50 days reached $230.80, while 200 days put it at $137.19. A total of 9.46 million shares were traded, compared to the trading of 6.04 million shares in the previous session.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 213.03, which if violated will result in even more drops to 207.89. On the upside, there is a resistance level at 226.81. A further resistance level may holdings at 235.45. The Relative Strength Index (RSI) on the 14-day chart is 45.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.70%. Stochastics %K at 34.73% indicates the stock is a holding.
