Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Coinbase Global Inc shares valued at $1,025,083 were sold by HAAS ALESIA J on Oct 15 ’24. At $195.25 per share, HAAS ALESIA J sold 5,250 shares. The insider’s holdings dropped to 169,786 shares worth approximately $34.67 million following the completion of this transaction.
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Also, Choi Emilie sold 1,500 shares, netting a total of over 272,040 in proceeds. Following the sale of shares at $181.36 each, the insider now holds 176,601 shares.
Before that, HAAS ALESIA J had added 5,250 shares to its account. In a trade valued at $1,025,083, the Officer bought Coinbase Global Inc shares for $195.25 each.
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 24.31%. Over the course of the year, Coinbase Global Inc shares have jumped approximately 17.41%. 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 $179.86, while a 200-day SMA reached $202.26. Nevertheless, trading volume fell to 8.86 million shares from 13.97 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 200.40, which, if violated, would cause prices to drop to 196.61. In the upper region, resistance lies at 208.72. The next price resistance is at 213.25. RSI (Relative Strength Index) is 64.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 25.58, which suggests the price will increase in the coming days. Percent R is at 15.68%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
