Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Coinbase Global Inc shares valued at $5,086,200 were purchased by FREDERICK & JOANNE WILSON 2012 on Nov 07 ’24. At $254.31 per share, FREDERICK & JOANNE WILSON 2012 acquired 20,000 shares.
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Also, PARADIGM FUND, LP purchased 387,563 shares, netting a total of over 96,641,082 in proceeds.
Before that, LAWRENCE J BROCK & JENNIFER M had added 9,270 shares to its account. In a trade valued at $1,798,009, the Officer bought Coinbase Global Inc shares for $193.96 each.
As published in their initiating research note from Monness Crespi & Hardt on October 28, 2024, Coinbase Global Inc [COIN] has been a Buy and the price target has been revised to $245. Analysts at B. Riley Securities started covering the stock with ‘”a Neutral”‘ outlook in a report released in late October. As of September 06, 2024, Barclays has increased its “an Underweight” rating to a “an Equal weight” for COIN. Earlier on July 23, 2024, Citigroup upgraded its rating. Their new recommendation was “a Buy” for COIN stock which previously was a “a Neutral”.
Analyzing COIN Stock Performance
During the last five days, there has been a surge of approximately 42.58%. Over the course of the year, Coinbase Global Inc shares have jumped approximately 46.95%. 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 $183.27, while a 200-day SMA reached $207.61. Nevertheless, trading volume fell to 16.52 million shares from 35.46 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 245.38, which, if violated, would cause prices to drop to 235.19. In the upper region, resistance lies at 262.73. The next price resistance is at 269.89. RSI (Relative Strength Index) is 68.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 24.81, which suggests the price will increase in the coming days. Percent R is at 4.93%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
