Coinbase Global Inc’s recent filing unveils that its Director Rajaram Gokul unloaded Company’s shares for reported $81776.0 on Oct 16 ’24. In the deal valued at $204.44 per share,400 shares were sold. As a result of this transaction, Rajaram Gokul now holds 7,771 shares worth roughly $1.66 million.
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Then, HAAS ALESIA J sold 5,250 shares, generating $1,025,083 in total proceeds. Upon selling the shares at $195.25, the Chief Financial Officer now owns 169,786 shares.
Before that, Choi Emilie sold 1,500 shares. Coinbase Global Inc shares valued at $272,040 were divested by the President & COO at a price of $181.36 per share. As a result of the transaction, Choi Emilie now holds 176,601 shares, worth roughly $37.74 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 Monday, Coinbase Global Inc [NASDAQ:COIN] saw its stock fall -2.95% to $213.72. Over the last five days, the stock has gained 8.85%. Coinbase Global Inc shares have risen nearly 22.88% since the year began. Nevertheless, the stocks have risen 192.37% over the past one year. While a 52-week high of $283.48 was reached on 03/25/24, a 52-week low of $70.42 was recorded on 02/07/24. SMA at 50 days reached $180.76, while 200 days put it at $202.89.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 208.95, which if violated will result in even more drops to 204.17. On the upside, there is a resistance level at 217.68. A further resistance level may holdings at 221.63. The Relative Strength Index (RSI) on the 14-day chart is 65.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 28.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.11%. Stochastics %K at 91.04% indicates the stock is a selling.
How much short interest is there in Coinbase Global Inc?
A steep rise in short interest was recorded in Coinbase Global Inc stocks on 2024-09-30, growing by 2.18 million shares to a total of 11.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.89 million shares. There was a rise of 19.69%, which implies that there is a positive 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.
