Coinbase Global Inc’s recent filing unveils that its Chief Legal Officer Grewal Paul unloaded Company’s shares for reported $2.19 million on Jun 25 ’24. In the deal valued at $219.45 per share,10,000 shares were sold. As a result of this transaction, Grewal Paul now holds 71,195 shares worth roughly $16.61 million.
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Then, HAAS ALESIA J sold 4,350 shares, generating $1,040,087 in total proceeds. Upon selling the shares at $239.10, the Chief Financial Officer now owns 187,403 shares.
Before that, Choi Emilie sold 1,500 shares. Coinbase Global Inc shares valued at $369,240 were divested by the President & COO at a price of $246.16 per share. As a result of the transaction, Choi Emilie now holds 207,471 shares, worth roughly $48.42 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 5.01% to $233.37. Over the last five days, the stock has gained 9.92%. Coinbase Global Inc shares have risen nearly 34.18% since the year began. Nevertheless, the stocks have risen 222.20% over the past one year. While a 52-week high of $283.48 was reached on 03/25/24, a 52-week low of $68.15 was recorded on 02/07/24. SMA at 50 days reached $227.12, while 200 days put it at $167.49. A total of 7.67 million shares were traded, compared to the trading of 10.94 million shares in the previous session.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 226.26, which if violated will result in even more drops to 219.15. On the upside, there is a resistance level at 238.26. A further resistance level may holdings at 243.15. The Relative Strength Index (RSI) on the 14-day chart is 51.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.81%. Stochastics%K at 33.89% 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.
