In a filing, Coinbase Global Inc revealed its Director Ehrsam Frederick Ernest III unloaded Company’s shares for reported $3.17 million on Jan 24 ’25. In the deal valued at $310.14 per share,10,216 shares were sold. As a result of this transaction, Ehrsam Frederick Ernest III now holds 0 shares worth roughly $0.0.
Then, Fred Ehrsam bought 10,216 shares, generating $3,044,368 in total proceeds.
Before that, Ehrsam Frederick Ernest III sold 25,194 shares. Coinbase Global Inc shares valued at $7,531,746 were divested by the Director at a price of $298.95 per share. As a result of the transaction, Ehrsam Frederick Ernest III now holds 0 shares, worth roughly $0.0.
Mizuho upgraded its Coinbase Global Inc [COIN] rating to an Outperform from a a Neutral in a research note published on January 29, 2025; the price target was increased to $290 from $250. A number of analysts have revised their coverage, including Monness Crespi & Hardt’s analysts, who remained covering the stock and in mid December has reiterated a ‘”a Buy”‘ rating for it. Oppenheimer also remained covering COIN and reiterated its “an Outperform” recommendation on November 25, 2024. Monness Crespi & Hardt started covering the stock on October 28, 2024. It rated COIN as “a Buy”.
Price Performance Review of COIN
On Friday, Coinbase Global Inc [NASDAQ:COIN] saw its stock fall -3.31% to $291.33. Over the last five days, the stock has lost -2.24%. Coinbase Global Inc shares have risen nearly 17.33% since the year began. Nevertheless, the stocks have risen 122.70% over the past one year. While a 52-week high of $349.75 was reached on 01/24/25, a 52-week low of $114.51 was recorded on 01/13/25. SMA at 50 days reached $291.52, while 200 days put it at $232.12.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 284.12, which if violated will result in even more drops to 276.92. On the upside, there is a resistance level at 301.63. A further resistance level may holdings at 311.94. The Relative Strength Index (RSI) on the 14-day chart is 53.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.61%. Stochastics %K at 76.99% 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 2025-01-15, dropping by 19448.0 shares to a total of 8.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 8.21 million shares. There was a decline of -0.24%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 23, 2024 when B. Riley Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $185 price target.
