In a filing, Coinbase Global Inc revealed its Officer Brian Armstrong acquired Company’s shares for reported $3.9 million on Sep 03 ’24. In the deal valued at $169.13 per share,23,075 shares were bought.
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Then, Grewal Paul sold 16,962 shares, generating $3,510,510 in total proceeds. Upon selling the shares at $206.96, the Chief Legal Officer now owns 75,556 shares.
Before that, Brock Lawrence J sold 15,610 shares. Coinbase Global Inc shares valued at $3,243,394 were divested by the Chief People Officer at a price of $207.78 per share. As a result of the transaction, Brock Lawrence J now holds 18,525 shares, worth roughly $3.13 million.
Citigroup upgraded its Coinbase Global Inc [COIN] rating to a Buy from a a Neutral in a research note published on July 23, 2024; the price target was increased to $345 from $260. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid May from “an Underperform” to “a Neutral”. BofA Securities also remained covering COIN and reiterated its “an Underperform” recommendation on April 10, 2024. Barclays maintained its rating on April 08, 2024. It rated COIN as “an Underweight”.
Price Performance Review of COIN
On Tuesday, Coinbase Global Inc [NASDAQ:COIN] saw its stock fall -7.76% to $169.13. Over the last five days, the stock has lost -17.09%. Coinbase Global Inc shares have fallen nearly -2.75% since the year began. Nevertheless, the stocks have risen 112.47% over the past one year. While a 52-week high of $283.48 was reached on 03/25/24, a 52-week low of $69.63 was recorded on 02/07/24. SMA at 50 days reached $215.28, while 200 days put it at $197.37.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 163.90, which if violated will result in even more drops to 158.67. On the upside, there is a resistance level at 178.53. A further resistance level may holdings at 187.93. The Relative Strength Index (RSI) on the 14-day chart is 33.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -16.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.58%. Stochastics %K at 7.75% indicates the stock is a buying.
How much short interest is there in Coinbase Global Inc?
A steep rise in short interest was recorded in Coinbase Global Inc stocks on 2024-08-15, dropping by -0.61 million shares to a total of 9.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 9.73 million shares. There was a decline of -6.71%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 04, 2024 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $276.
