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 $3,120,554 were sold by Ehrsam Frederick Ernest III on Dec 23 ’24. At $273.23 per share, Ehrsam Frederick Ernest III sold 11,421 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Ehrsam Frederick Ernest III sold 3,807 shares, netting a total of over 1,066,740 in proceeds. Following the sale of shares at $280.20 each, the insider now holds 0 shares.
Before that, Fred Ehrsam had added 3,807 shares to its account. In a trade valued at $1,064,513, the Director bought Coinbase Global Inc shares for $279.62 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 -7.40%. Over the course of the year, Coinbase Global Inc shares have jumped approximately 42.77%. 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 $274.24, while a 200-day SMA reached $229.38. Nevertheless, trading volume fell to 5.37 million shares from 5.51 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 241.89, which, if violated, would cause prices to drop to 235.49. In the upper region, resistance lies at 259.18. The next price resistance is at 270.07. RSI (Relative Strength Index) is 37.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -28.37, which suggests the price will decrease in the coming days. Percent R is at 97.58%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
