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 $2,269,810 were purchased by Fred Ehrsam on Feb 13 ’25. At $298.11 per share, Fred Ehrsam acquired 7,614 shares.
Also, Armstrong Brian sold 25,000 shares, netting a total of over 6,881,519 in proceeds. Following the sale of shares at $275.26 each, the insider now holds 526 shares.
Before that, Brian Armstrong had added 25,000 shares to its account. In a trade valued at $6,672,500, the Officer bought Coinbase Global Inc shares for $266.90 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 surge of approximately 10.26%. Over the course of the year, Coinbase Global Inc shares have jumped approximately 20.06%. 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 $285.96, while a 200-day SMA reached $234.61. Nevertheless, trading volume fell to 17.99 million shares from 6.36 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 286.27, which, if violated, would cause prices to drop to 274.44. In the upper region, resistance lies at 306.17. The next price resistance is at 314.24. RSI (Relative Strength Index) is 57.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.06, which suggests the price will decrease in the coming days. Percent R is at 18.56%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
