Coinbase Global Inc’s recently made public that its Officer Brian Armstrong acquired Company’s shares for reported $2.5 million on Sep 12 ’24. In the deal valued at $162.89 per share,15,375 shares were bought.
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Then, Armstrong Brian sold 23,075 shares, generating $4,013,463 in total proceeds. Upon selling the shares at $173.93, the Chairman and CEO now owns 526 shares.
Before that, Choi Emilie sold 8,000 shares. Coinbase Global Inc shares valued at $1,408,682 were divested by the President & COO at a price of $176.09 per share. As a result of the transaction, Choi Emilie now holds 189,101 shares, worth roughly $30.83 million.
Barclays upgraded its Coinbase Global Inc [COIN] rating to an Equal weight from a an Underweight in a research note published on September 06, 2024; the price target was decreased to $169 from $206. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “a Buy”. BofA Securities also remained covering COIN and has increased its forecast on May 17, 2024 with a “Neutral” recommendation from previously “an Underperform” rating. BofA Securities maintained its rating on April 10, 2024. It rated COIN as “an Underperform”.
Price Performance Review of COIN
On Friday, Coinbase Global Inc [NASDAQ:COIN] saw its stock jump 0.10% to $163.05. Over the last five days, the stock has gained 10.65%. Coinbase Global Inc shares have fallen nearly -6.25% since the year began. Nevertheless, the stocks have risen 104.17% 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 $205.01, while 200 days put it at $199.45.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 160.11, which if violated will result in even more drops to 157.17. On the upside, there is a resistance level at 167.46. A further resistance level may holdings at 171.87. The Relative Strength Index (RSI) on the 14-day chart is 38.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.85%. Stochastics %K at 22.80% indicates the stock is a holding.
How much short interest is there in Coinbase Global Inc?
A steep rise in short interest was recorded in Coinbase Global Inc stocks on 2024-08-30, dropping by -0.28 million shares to a total of 8.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 9.17 million shares. There was a decline of -3.11%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 08, 2024 when Barclays resumed its ‘”an Underweight”‘ rating for the stock and retained the price target to $179.
