Coinbase Global Inc’s filing revealed that its Chairman and CEO Armstrong Brian unloaded Company’s shares for reported $2.81 million on Mar 13 ’25. In the deal valued at $187.23 per share,15,000 shares were sold. As a result of this transaction, Armstrong Brian now holds 526 shares worth roughly $99392.96.
Then, Brian Armstrong bought 15,000 shares, generating $2,662,350 in total proceeds.
Before that, Armstrong Brian sold 25,000 shares. Coinbase Global Inc shares valued at $5,775,905 were divested by the Chairman and CEO at a price of $231.04 per share. As a result of the transaction, Armstrong Brian now holds 526 shares, worth roughly $99392.96.
Rosenblatt initiated its Coinbase Global Inc [COIN] rating to a Buy in a research note published on March 07, 2025; the price target was $305. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “an Outperform”. Monness Crespi & Hardt also remained covering COIN and reiterated its “Buy” recommendation on December 19, 2024. Oppenheimer maintained its rating on November 25, 2024. It rated COIN as “an Outperform”.
Price Performance Review of COIN
On Monday, Coinbase Global Inc [NASDAQ:COIN] saw its stock jump 3.19% to $188.96. Over the last five days, the stock has gained 5.43%. Coinbase Global Inc shares have fallen nearly -23.90% since the year began. Nevertheless, the stocks have fallen -24.94% over the past one year. While a 52-week high of $349.75 was reached on 01/24/25, a 52-week low of $146.12 was recorded on 03/10/25. SMA at 50 days reached $252.81, while 200 days put it at $234.55.
Levels Of Support And Resistance For COIN Stock
The 24-hour chart illustrates a support level at 182.07, which if violated will result in even more drops to 175.19. On the upside, there is a resistance level at 194.54. A further resistance level may holdings at 200.13. The Relative Strength Index (RSI) on the 14-day chart is 36.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -18.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.59%. Stochastics %K at 11.17% indicates the stock is a buying.
How much short interest is there in Coinbase Global Inc?
A steep rise in short interest was recorded in Coinbase Global Inc stocks on 2025-02-28, growing by 2.72 million shares to a total of 9.84 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 7.13 million shares. There was a rise of 27.6%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 28, 2024 when Monness Crespi & Hardt began covering the stock and recommended ‘”a Buy”‘ rating along with a $245 price target.
