EddieJayonCrypto
28 Nov 23
Coinbase Global (COIN) has recently seen several top executives and a major shareholder make significant sales of their company shares. The chief people officer and chief accounting officer collectively sold over 17,700 shares for a total transaction value of roughly $2M. Additionally, a 10% owner o...
Coinbase Global (COIN) has recently seen several top executives and a major shareholder make significant sales of their company shares. The chief people officer and chief accounting officer collectively sold over 17,700 shares for a total transaction value of roughly $2M. Additionally, a 10% owner of the company disposed of stock worth $9M. These sales come amidst a backdrop of increasing sales transactions over the past few months, raising potential concerns about executives divesting from the company.
More about Coinbase Global Inc
Coinbase Global Inc. provides financial infrastructure and technology for the crypto economy. With a market capitalization of $28,654,492,000 and a stock price of $88.29, the company has shown a 3.27% growth in the past year. Despite this growth, the stock has experienced a 3.2% decrease in the past month, indicating some short-term volatility. The market sentiment towards Coinbase Global Inc. appears to be slightly bearish, with a negative EPS of -0.28 and a relatively low Relative Strength Index (RSI) of 11.3. This may suggest that the stock is currently oversold. However, it is important to note that past performance does not guarantee future results, and the crypto market can be particularly unpredictable. As such, investors should be cautious and consider the potential risks associated with investing in this company.
Disclaimer:This is not financial advice. Please do your own research before investing in any asset.