Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Coinbase Global Inc shares valued at $6,774,740 were sold by Armstrong Brian on Feb 03 ’25. At $270.99 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, Fred Ehrsam purchased 15,228 shares, netting a total of over 4,269,779 in proceeds.
Before that, Brian Armstrong had added 25,000 shares to its account. In a trade valued at $7,110,250, the Officer bought Coinbase Global Inc shares for $284.41 each.
As published in a research note from Mizuho on January 29, 2025, Coinbase Global Inc [COIN] has been rated up from a Neutral to an Outperform and the price target has been revised to $290 from $250. Analysts at Monness Crespi & Hardt resumed the stock at ‘”a Buy”‘ outlook in a report released in mid December. As of November 25, 2024, Oppenheimer has reiterated its “an Outperform” rating for COIN. Earlier on October 28, 2024, Monness Crespi & Hardt initiated its rating. Their recommendation was “a Buy” for COIN stock.
Analyzing COIN Stock Performance
During the last five days, there has been a drop of approximately -5.45%. Over the course of the year, Coinbase Global Inc shares have jumped approximately 10.81%. Shares of the company reached a 52-week high of $310.61 on 01/24/25 and a 52-week low of $240.77 on 01/13/25. A 50-day SMA is recorded $288.91, while a 200-day SMA reached $233.07. Nevertheless, trading volume fell to 5.33 million shares from 6.01 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 271.21, which, if violated, would cause prices to drop to 267.29. In the upper region, resistance lies at 282.41. The next price resistance is at 289.69. RSI (Relative Strength Index) is 46.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.92, which suggests the price will decrease in the coming days. Percent R is at 78.11%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
