In a filing, Coinbase Global Inc revealed its Director Ehrsam Frederick Ernest III unloaded Company’s shares for reported $3.41 million on May 01 ’24. In the deal valued at $208.21 per share,16,380 shares were sold. As a result of this transaction, Ehrsam Frederick Ernest III now holds 0 shares worth roughly $0.0.
Then, Choi Emilie sold 8,000 shares, generating $1,666,798 in total proceeds. Upon selling the shares at $208.35, the President & COO now owns 205,851 shares.
Before that, Choi Emilie sold 1,500 shares. Coinbase Global Inc shares valued at $322,500 were divested by the President & COO at a price of $215.00 per share. As a result of the transaction, Choi Emilie now holds 213,851 shares, worth roughly $48.53 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 jump 1.65% to $226.93. Over the last five days, the stock has gained 4.02%. Coinbase Global Inc shares have risen nearly 30.48% since the year began. Nevertheless, the stocks have risen 361.05% 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 $235.60, while 200 days put it at $140.03. A total of 9.53 million shares were traded, compared to the trading of 13.74 million shares in the previous session.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 222.62, which if violated will result in even more drops to 218.31. On the upside, there is a resistance level at 233.52. A further resistance level may holdings at 240.11. The Relative Strength Index (RSI) on the 14-day chart is 49.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.58%. Stochastics %K at 63.76% indicates the stock is a holding.
