Coinbase Global Inc’s recently made public that its Officer Brian Armstrong acquired Company’s shares for reported $333.55 million on Nov 18 ’24. In the deal valued at $325.41 per share,1,025,000 shares were bought.
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Then, Choi Emilie sold 1,500 shares, generating $436,185 in total proceeds. Upon selling the shares at $290.79, the President & COO now owns 165,686 shares.
Before that, HAAS ALESIA J bought 3,575 shares. Coinbase Global Inc shares valued at $1,010,474 were divested by the Officer at a price of $282.65 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 6.40% to $325.41. Over the last five days, the stock has gained 0.36%. Coinbase Global Inc shares have risen nearly 87.10% since the year began. Nevertheless, the stocks have risen 235.75% over the past one year. While a 52-week high of $334.86 was reached on 11/11/24, a 52-week low of $94.45 was recorded on 02/07/24. SMA at 50 days reached $202.13, while 200 days put it at $213.68.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 299.41, which if violated will result in even more drops to 273.41. On the upside, there is a resistance level at 340.50. A further resistance level may holdings at 355.59. The Relative Strength Index (RSI) on the 14-day chart is 70.24, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 48.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.96%. Stochastics %K at 80.13% 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 2024-10-31, dropping by -2.25 million shares to a total of 8.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.07 million shares. There was a decline of -25.5%, which implies that there is a negative sentiment for the stock.
