Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Coinbase Global Inc shares valued at $1,029,068 were sold by HAAS ALESIA J on Sep 16 ’24. At $158.32 per share, HAAS ALESIA J sold 6,500 shares. The insider’s holdings dropped to 175,036 shares worth approximately $29.45 million following the completion of this transaction.
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Also, Rajaram Gokul purchased 1,200 shares, netting a total of over 192,000 in proceeds.
Before that, Choi Emilie had sold 1,500 shares from its account. In a trade valued at $243,360, the President & COO traded Coinbase Global Inc shares for $162.24 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $31.56 million.
As published in a research note from Barclays on September 06, 2024, Coinbase Global Inc [COIN] has been rated up from an Underweight to an Equal weight and the price target has been revised to $169 from $206. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of May 17, 2024, BofA Securities has increased its “an Underperform” rating to a “Neutral” for COIN. Earlier on April 10, 2024, BofA Securities resumed its rating. Their recommendation was “an Underperform” for COIN stock.
Analyzing COIN Stock Performance
During the last five days, there has been a surge of approximately 3.28%. Over the course of the year, Coinbase Global Inc shares have dropped approximately -3.27%. Shares of the company reached a 52-week high of $283.48 on 03/25/24 and a 52-week low of $114.51 on 02/07/24. A 50-day SMA is recorded $200.43, while a 200-day SMA reached $200.16. Nevertheless, trading volume fell to 9.26 million shares from 5.03 million shares the previous day.
Support And Resistance Levels for Coinbase Global Inc (COIN)
According to the 24-hour chart, there is a support level at 165.03, which, if violated, would cause prices to drop to 161.82. In the upper region, resistance lies at 173.42. The next price resistance is at 178.60. RSI (Relative Strength Index) is 43.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.00, which suggests the price will increase in the coming days. Percent R is at 49.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
