In a filing, Coinbase Global Inc revealed its Officer Brian Armstrong acquired Company’s shares for reported $7.81 million on Nov 25 ’24. In the deal valued at $312.22 per share,25,000 shares were bought.
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Then, Fred Ehrsam bought 26,649 shares, generating $8,320,351 in total proceeds.
Before that, LAWRENCE J BROCK & JENNIFER M bought 15,858 shares. Coinbase Global Inc shares valued at $4,830,981 were divested by the Officer at a price of $304.64 per share.
Oppenheimer reiterated its Coinbase Global Inc [COIN] rating to an Outperform in a research note published on November 25, 2024; the price target was $358. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. B. Riley Securities began covering COIN with “Neutral” recommendation on October 23, 2024. Barclays revised its rating on September 06, 2024. It rated COIN as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of COIN
On Monday, Coinbase Global Inc [NASDAQ:COIN] saw its stock jump 2.49% to $312.22. Over the last five days, the stock has lost -4.05%. Coinbase Global Inc shares have risen nearly 79.52% since the year began. Nevertheless, the stocks have risen 170.23% over the past one year. While a 52-week high of $341.75 was reached on 11/20/24, a 52-week low of $107.98 was recorded on 02/07/24. SMA at 50 days reached $217.20, while 200 days put it at $218.29.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 296.46, which if violated will result in even more drops to 280.70. On the upside, there is a resistance level at 322.72. A further resistance level may holdings at 333.22. The Relative Strength Index (RSI) on the 14-day chart is 63.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.48%. Stochastics %K at 74.55% indicates the stock is a holding.
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.
