The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Coinbase Global Inc shares valued at $3,062,541 were purchased by Fred Ehrsam on Dec 23 ’24. At $268.15 per share, Fred Ehrsam acquired 11,421 shares.
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Also, Armstrong Brian sold 25,000 shares, netting a total of over 7,852,614 in proceeds. Following the sale of shares at $314.10 each, the insider now holds 526 shares.
Before that, Brian Armstrong had added 25,000 shares to its account. In a trade valued at $7,764,500, the Officer bought Coinbase Global Inc shares for $310.58 each.
As published in a research note from Monness Crespi & Hardt on December 19, 2024, Coinbase Global Inc [COIN] has been retained to a Buy and the price target has been revised to $390. Analysts at Oppenheimer resumed the stock at ‘”an Outperform”‘ outlook in a report released in late November. As of October 28, 2024, Monness Crespi & Hardt has initiated its “Buy” rating for COIN. Earlier on October 23, 2024, B. Riley Securities initiated its rating. Their recommendation was “a Neutral” for COIN stock.
Analyzing COIN Stock Performance
During the last five days, there has been a drop of approximately -10.64%. Over the course of the year, Coinbase Global Inc shares have jumped approximately 60.11%. Shares of the company reached a 52-week high of $349.75 on 12/06/24 and a 52-week low of $114.51 on 02/07/24. A 50-day SMA is recorded $269.98, while a 200-day SMA reached $229.08. Nevertheless, trading volume fell to 4.8 million shares from 6.7 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 272.99, which, if violated, would cause prices to drop to 266.35. In the upper region, resistance lies at 285.13. The next price resistance is at 290.63. RSI (Relative Strength Index) is 46.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -26.06, which suggests the price will decrease in the coming days. Percent R is at 79.80%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
