Coinbase Global Inc’s recent filing unveils that its Chief People Officer Brock Lawrence J unloaded Company’s shares for reported $1.16 million on Nov 06 ’24. In the deal valued at $250.00 per share,4,635 shares were sold. As a result of this transaction, Brock Lawrence J now holds 18,525 shares worth roughly $6.01 million.
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Then, FREDERICK & JOANNE WILSON 2012 bought 20,000 shares, generating $5,086,200 in total proceeds.
Before that, PARADIGM FUND, LP bought 387,563 shares. Coinbase Global Inc shares valued at $96,641,082 were divested by the Board member at a price of $249.36 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 19.76% to $324.24. Over the last five days, the stock has gained 74.07%. Coinbase Global Inc shares have risen nearly 86.43% since the year began. Nevertheless, the stocks have risen 249.17% over the past one year. While a 52-week high of $283.48 was reached on 11/11/24, a 52-week low of $88.62 was recorded on 02/07/24. SMA at 50 days reached $187.74, while 200 days put it at $209.36.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 301.87, which if violated will result in even more drops to 279.51. On the upside, there is a resistance level at 340.73. A further resistance level may holdings at 357.23. The Relative Strength Index (RSI) on the 14-day chart is 79.03, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 61.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.70%. Stochastics %K at 95.17% 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.
