Coinbase Global Inc’s recently made public that its Director Ehrsam Frederick Ernest III unloaded Company’s shares for reported $3.12 million on Dec 23 ’24. In the deal valued at $273.23 per share,11,421 shares were sold. As a result of this transaction, Ehrsam Frederick Ernest III now holds 0 shares worth roughly $0.0.
Then, Ehrsam Frederick Ernest III sold 3,807 shares, generating $1,066,740 in total proceeds. Upon selling the shares at $280.20, the Director now owns 0 shares.
Before that, Fred Ehrsam bought 3,807 shares. Coinbase Global Inc shares valued at $1,064,513 were divested by the Director at a price of $279.62 per share.
Monness Crespi & Hardt reiterated its Coinbase Global Inc [COIN] rating to a Buy in a research note published on December 19, 2024; the price target was $390. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in late November has reiterated a ‘”an Outperform”‘ rating for it. Monness Crespi & Hardt began covering COIN with “Buy” recommendation on October 28, 2024. B. Riley Securities started covering the stock on October 23, 2024. It rated COIN as “a Neutral”.
Price Performance Review of COIN
On Friday, Coinbase Global Inc [NASDAQ:COIN] saw its stock fall -3.17% to $265.71. Over the last five days, the stock has lost -3.00%. Coinbase Global Inc shares have risen nearly 52.78% since the year began. Nevertheless, the stocks have risen 43.44% over the past one year. While a 52-week high of $349.75 was reached on 12/06/24, a 52-week low of $114.51 was recorded on 02/07/24. SMA at 50 days reached $272.65, while 200 days put it at $229.24.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 261.20, which if violated will result in even more drops to 256.68. On the upside, there is a resistance level at 272.24. A further resistance level may holdings at 278.76. The Relative Strength Index (RSI) on the 14-day chart is 42.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -19.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.10%. Stochastics %K at 13.12% indicates the stock is a buying.
How much short interest is there in Coinbase Global Inc?
A steep rise in short interest was recorded in Coinbase Global Inc stocks on 2024-12-13, dropping by -0.97 million shares to a total of 8.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 9.18 million shares. There was a decline of -11.82%, which implies that there is a negative sentiment for the stock.
