In a filing, Coinbase Global Inc revealed its Director Ehrsam Frederick Ernest III unloaded Company’s shares for reported $6.44 million on Jan 06 ’25. In the deal valued at $281.94 per share,22,842 shares were sold. As a result of this transaction, Ehrsam Frederick Ernest III now holds 0 shares worth roughly $0.0.
Then, Armstrong Brian sold 25,000 shares, generating $6,526,813 in total proceeds. Upon selling the shares at $261.07, the Chairman and CEO now owns 526 shares.
Before that, Fred Ehrsam bought 22,842 shares. Coinbase Global Inc shares valued at $6,573,014 were divested by the Director at a price of $287.76 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 -0.47% to $258.78. Over the last five days, the stock has gained 0.61%. Coinbase Global Inc shares have risen nearly 4.22% since the year began. Nevertheless, the stocks have risen 70.26% over the past one year. While a 52-week high of $349.75 was reached on 01/06/25, a 52-week low of $114.51 was recorded on 01/10/25. SMA at 50 days reached $281.14, while 200 days put it at $229.75.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 250.60, which if violated will result in even more drops to 242.41. On the upside, there is a resistance level at 264.42. A further resistance level may holdings at 270.05. The Relative Strength Index (RSI) on the 14-day chart is 43.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.73%. Stochastics %K at 22.25% 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 2024-12-13, 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.
