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Insider Sale Alert: Coinbase Global Inc [COIN] – Is it Time to sell?

Coinbase Global Inc’s recently made public that its Director WILSON FREDERICK R unloaded Company’s shares for reported $20.14 million on Jun 05 ’24. In the deal valued at $250.09 per share,80,539 shares were sold. As a result of this transaction, WILSON FREDERICK R now holds 100,000 shares worth roughly $24.98 million.

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Then, Brock Lawrence J sold 4,634 shares, generating $1,158,500 in total proceeds. Upon selling the shares at $250.00, the Chief People Officer now owns 16,140 shares.

Before that, Jones Jennifer N. sold 526 shares. Coinbase Global Inc shares valued at $130,974 were divested by the Chief Accounting Officer at a price of $249.00 per share. As a result of the transaction, Jones Jennifer N. now holds 1,686 shares, worth roughly $0.42 million.

BofA Securities upgraded its Coinbase Global Inc [COIN] rating to a Neutral from a an Underperform in a research note published on May 17, 2024; the price target was increased to $217 from $110. A number of analysts have revised their coverage, including BofA Securities’s analysts, who remained covering the stock and in early April has reiterated a ‘”an Underperform”‘ rating for it. Barclays also remained covering COIN and reiterated its “an Underweight” recommendation on April 08, 2024. Oppenheimer maintained its rating on April 04, 2024. It rated COIN as “an Outperform”.

Price Performance Review of COIN

On Monday, Coinbase Global Inc [NASDAQ:COIN] saw its stock jump 2.31% to $249.81. Over the last five days, the stock has gained 7.96%. Coinbase Global Inc shares have risen nearly 43.64% since the year began. Nevertheless, the stocks have risen 355.03% over the past one year. While a 52-week high of $283.48 was reached on 03/25/24, a 52-week low of $50.10 was recorded on 02/07/24. SMA at 50 days reached $229.36, while 200 days put it at $156.73. A total of 6.25 million shares were traded, compared to the trading of 9.32 million shares in the previous session.

Levels Of Support And Resistance For COIN Stock

The 24-hour chart illustrates a support level at 241.75, which if violated will result in even more drops to 233.69. On the upside, there is a resistance level at 255.65. A further resistance level may holdings at 261.49. The Relative Strength Index (RSI) on the 14-day chart is 57.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.32%. Stochastics %K at 75.49% indicates the stock is a holding.

The most recent change occurred on April 03, 2024 when Keefe Bruyette resumed its ‘”a Mkt perform”‘ rating for the stock and retained the price target to $230.

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