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 $81,776 were sold by Rajaram Gokul on Oct 16 ’24. At $204.44 per share, Rajaram Gokul sold 400 shares. The insider’s holdings dropped to 7,771 shares worth approximately $1.63 million following the completion of this transaction.
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Also, HAAS ALESIA J sold 5,250 shares, netting a total of over 1,025,083 in proceeds. Following the sale of shares at $195.25 each, the insider now holds 169,786 shares.
Before that, Choi Emilie had sold 1,500 shares from its account. In a trade valued at $272,040, the President & COO traded Coinbase Global Inc shares for $181.36 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $36.94 million.
As published in their initiating research note from B. Riley Securities on October 23, 2024, Coinbase Global Inc [COIN] has been a Neutral and the price target has been revised to $185. Analysts at Barclays upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early September. As of July 23, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for COIN. Earlier on May 17, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Neutral” for COIN stock which previously was a “an Underperform”.
Analyzing COIN Stock Performance
During the last five days, there has been a surge of approximately 2.43%. Over the course of the year, Coinbase Global Inc shares have jumped approximately 20.26%. 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 $181.43, while a 200-day SMA reached $203.66. Nevertheless, trading volume fell to 9.84 million shares from 10.35 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 203.12, which, if violated, would cause prices to drop to 197.09. In the upper region, resistance lies at 212.87. The next price resistance is at 216.59. RSI (Relative Strength Index) is 60.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 13.10, which suggests the price will increase in the coming days. Percent R is at 19.01%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
