Coinbase Global Inc’s filing revealed that its Director Fred Ehrsam acquired Company’s shares for reported $7.41 million on Jan 21 ’25. In the deal valued at $294.19 per share,25,194 shares were bought.
Then, Fred Ehrsam bought 5,262 shares, generating $1,554,816 in total proceeds.
Before that, HAAS ALESIA J sold 20,000 shares. Coinbase Global Inc shares valued at $6,000,000 were divested by the Chief Financial Officer at a price of $300.00 per share. As a result of the transaction, HAAS ALESIA J now holds 124,470 shares, worth roughly $36.62 million.
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 Tuesday, Coinbase Global Inc [NASDAQ:COIN] saw its stock fall -0.44% to $294.19. Over the last five days, the stock has gained 17.11%. Coinbase Global Inc shares have risen nearly 18.48% since the year began. Nevertheless, the stocks have risen 136.60% over the past one year. While a 52-week high of $349.75 was reached on 01/21/25, a 52-week low of $114.51 was recorded on 01/13/25. SMA at 50 days reached $290.72, while 200 days put it at $230.32.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 277.51, which if violated will result in even more drops to 260.82. On the upside, there is a resistance level at 306.99. A further resistance level may holdings at 319.78. The Relative Strength Index (RSI) on the 14-day chart is 56.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 22.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.29%. Stochastics %K at 89.79% indicates the stock is a selling.
How much short interest is there in Coinbase Global Inc?
A steep rise in short interest was recorded in Coinbase Global Inc stocks on 2024-12-31, dropping by -2.03 million shares to a total of 7.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 9.88 million shares. There was a decline of -25.83%, which implies that there is a negative sentiment for the stock.
