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 $2,326,550 were sold by Grewal Paul on Feb 25 ’25. At $211.93 per share, Grewal Paul sold 10,978 shares. The insider’s holdings dropped to 83,313 shares worth approximately $17.36 million following the completion of this transaction.
Also, Jones Jennifer N. sold 1,974 shares, netting a total of over 472,457 in proceeds. Following the sale of shares at $239.34 each, the insider now holds 2,598 shares.
Before that, Paul Grewal had added 33,906 shares to its account. In a trade valued at $7,453,556, the Officer bought Coinbase Global Inc shares for $219.83 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 -18.79%. Over the course of the year, Coinbase Global Inc shares have dropped approximately -16.08%. Shares of the company reached a 52-week high of $310.61 on 01/24/25 and a 52-week low of $205.12 on 02/25/25. A 50-day SMA is recorded $272.04, while a 200-day SMA reached $235.62. Nevertheless, trading volume fell to 7.83 million shares from 7.9 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 203.58, which, if violated, would cause prices to drop to 198.79. In the upper region, resistance lies at 217.37. The next price resistance is at 226.37. RSI (Relative Strength Index) is 29.20 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -41.95, which suggests the price will decrease in the coming days. Percent R is at 96.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
