Coinbase Global Inc’s filing revealed that its President & COO Choi Emilie unloaded Company’s shares for reported $1.47 million on Nov 01 ’24. In the deal valued at $183.69 per share,8,000 shares were sold. As a result of this transaction, Choi Emilie now holds 167,101 shares worth roughly $31.13 million.
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Then, Choi Emilie sold 1,500 shares, generating $304,950 in total proceeds. Upon selling the shares at $203.30, the President & COO now owns 175,101 shares.
Before that, EMILIE MONICA CHOI bought 11,000 shares. Coinbase Global Inc shares valued at $1,971,750 were divested by the Officer at a price of $179.25 per share.
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 1.85% to $186.27. Over the last five days, the stock has lost -13.80%. Coinbase Global Inc shares have risen nearly 7.10% since the year began. Nevertheless, the stocks have risen 120.18% over the past one year. While a 52-week high of $283.48 was reached on 03/25/24, a 52-week low of $80.81 was recorded on 02/07/24. SMA at 50 days reached $181.04, while 200 days put it at $205.96.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 179.45, which if violated will result in even more drops to 172.63. On the upside, there is a resistance level at 190.02. A further resistance level may holdings at 193.77. The Relative Strength Index (RSI) on the 14-day chart is 46.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -22.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.19%. Stochastics %K at 10.66% indicates the stock is a buying.
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.
