Coinbase Global Inc’s filing revealed 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 $1.68 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 $38.16 million.
Monness Crespi & Hardt initiated its Coinbase Global Inc [COIN] rating to a Buy in a research note published on October 28, 2024; the price target was $245. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in late October with a ‘”a Neutral”‘ rating. Barclays also remained covering COIN and has increased its forecast on September 06, 2024 with a “an Equal weight” recommendation from previously “an Underweight” rating. Citigroup revised its rating on July 23, 2024. It rated COIN as “a Buy” which previously was an “a Neutral”.
Price Performance Review of COIN
On Monday, Coinbase Global Inc [NASDAQ:COIN] saw its stock jump 5.39% to $216.10. Over the last five days, the stock has gained 1.11%. Coinbase Global Inc shares have risen nearly 24.25% since the year began. Nevertheless, the stocks have risen 189.64% 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 $181.80, while 200 days put it at $204.30.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 211.73, which if violated will result in even more drops to 207.37. On the upside, there is a resistance level at 219.23. A further resistance level may holdings at 222.37. The Relative Strength Index (RSI) on the 14-day chart is 62.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.90, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.12%. Stochastics %K at 82.60% 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 2024-10-15, growing by 1.17 million shares to a total of 9.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.65 million shares. There was a rise of 11.94%, which implies that there is a positive sentiment for the stock.
