Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Coinbase Global Inc shares valued at $6,098,593 were sold by Armstrong Brian on Jan 13 ’25. At $243.94 per share, Armstrong Brian sold 25,000 shares. The insider’s holdings dropped to 526 shares worth approximately $0.14 million following the completion of this transaction.
Also, HAAS ALESIA J purchased 7,441 shares, netting a total of over 1,523,167 in proceeds.
Before that, Brian Armstrong had added 25,000 shares to its account. In a trade valued at $6,280,000, the Officer bought Coinbase Global Inc shares for $251.20 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 surge of approximately 4.01%. Over the course of the year, Coinbase Global Inc shares have jumped approximately 10.72%. Shares of the company reached a 52-week high of $293.60 on 01/06/25 and a 52-week low of $240.77 on 01/13/25. A 50-day SMA is recorded $284.55, while a 200-day SMA reached $229.71. Nevertheless, trading volume fell to 9.05 million shares from 5.7 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 266.81, which, if violated, would cause prices to drop to 258.68. In the upper region, resistance lies at 280.69. The next price resistance is at 286.44. RSI (Relative Strength Index) is 50.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.06, which suggests the price will decrease in the coming days. Percent R is at 35.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
