Coinbase Global Inc’s filing revealed that its Director Ehrsam Frederick Ernest III unloaded Company’s shares for reported $4.27 million on Feb 04 ’25. In the deal valued at $280.51 per share,15,228 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 $6,774,740 in total proceeds. Upon selling the shares at $270.99, the CHAIRMAN AND CEO now owns 526 shares.
Before that, Fred Ehrsam bought 15,228 shares. Coinbase Global Inc shares valued at $4,269,779 were divested by the Director at a price of $280.39 per share.
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 Monday, Coinbase Global Inc [NASDAQ:COIN] saw its stock jump 2.09% to $280.22. Over the last five days, the stock has lost -1.47%. Coinbase Global Inc shares have risen nearly 12.86% since the year began. Nevertheless, the stocks have risen 129.56% over the past one year. While a 52-week high of $349.75 was reached on 01/24/25, a 52-week low of $125.81 was recorded on 01/13/25. SMA at 50 days reached $287.17, while 200 days put it at $233.83.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 274.69, which if violated will result in even more drops to 269.17. On the upside, there is a resistance level at 285.65. A further resistance level may holdings at 291.08. The Relative Strength Index (RSI) on the 14-day chart is 49.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.93%. Stochastics %K at 21.64% 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.
