Coinbase Global Inc (COIN) Stock Insiders Sold Shares Ahead of Downgrades

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Coinbase Global Inc shares valued at $812,479 were sold

Coinbase Global Inc (NASDAQ:COIN) insiders sold shares of the company in the following transactions filed with the SEC on August 21:

HAAS ALESIA J sold 4,129 shares at an average price of $196.77 for a total transaction value of $812,479 on August 20. Following the transaction, the insider now directly holds 181,536 shares, which are valued at approximately $36.02 million.

Choi Emilie sold 14,059 shares at an average price of $196.10, netting a total of over 2,756,900 in proceeds on August 19. Following the transaction, the insider now holds 198,601 shares.

Brock Lawrence J had sold 15,219 shares from its account in a trade valued at $2,985,313, selling Coinbase Global Inc shares for $196.16 each on August 16. Upon closing the transaction, the insider's holdings decreased to 15,219 shares, which are valued at approximately $6.77 million.

Coinbase Global Inc legal力は Citigroup from July 23, 2024, as they upgraded COIN from a Neutral to a Buy rating and raised their price target to $345 from $260.

In mid May, analysts at BofA Securities upgraded the stock from an “Underperform” outlook to a “Neutral” outlook in a report. As of April 10, BofA Securities had maintained its “an Underperform” rating for COIN.

Earlier on April 08, Barclays resumed its rating on COIN stock with a recommendation to Underweight the stock and a price target of $145.

Analyzing COIN Stock Performance

During the last five days, there has been a surge of approximately 0.66%. Over the course of the year, Coinbase Global Inc shares have jumped approximately 14.09%. Shares of the company reached a 52-week high of $283.48 on 03/25/24 and a 52-week low of $114.51 on 02/07/24. A 50-day SMA is recorded at $222.17, while a 200-day SMA reached $193.82. Trading volume fell to 5.27 million shares from 7.5 million shares the previous day.

Relative Strength Index (RSI) is at 44.20 on the 14-day chart, indicating a neutral technical outlook on the stock. Moving Average Convergence Divergence (MACD) is at 4.52, suggesting the price will increase in the coming days. Percent R is at 23.36%, indicating bullish price movement. Stochastics %K is at holding, indicating that the stock is to be held.

Coinbase Global Inc (NASDAQ:COIN) shares closed at $196.71 on Friday after surging nearly 2% in extended trading. The stock soared as much as 6% during the extended session. The company's insiders sold shares in the following transactions filed with the SEC on August 21:

HAAS ALESIA J sold 4,129 shares at an average price of $196.77 for a total transaction value of $812,479 on August 20. Following the transaction, the insider now directly holds 181,536 shares, which are valued at approximately $36.02 million.

Coinbase Global Inc (NASDAQ:COIN) insiders sold shares of the company in the following transactions filed with the SEC on August 21:

HAAS ALESIA J sold 4,129 shares at an average price of $196.77 for a total transaction value of $812,479 on August 20. Following the transaction, the insider now directly holds 181,536 shares, which are valued at approximately $36.02 million.

The transactions are as follows:

HAAS ALESIA J sold 4,129 shares at an average price of $196.77 for a total transaction value of $812,479 on August 20. Following the transaction, the insider now directly holds 181,536 shares, which are valued at approximately $36.02 million.

Coinbase Global Inc (NASDAQ:COIN) insiders sold shares of the company in the following transactions filed with the SEC on August 21:

HAAS AL

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