Coinbase Global Inc [COIN] Stock Price Prediction

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Coinbase Global Inc (NASDAQ:COIN) executives recently sold their shares in the company, according to a filing.

On Jun 10 ’24 Armstrong Brian sold 23,075 shares of Coinbase Global Inc at a price of $248.08 per share, for a total of $5.72 million. Following the transaction, Armstrong Brian now owns 526 shares of the company, valued at approximately $0.13 million.

The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission on Monday. Armstrong Brian is the Chairman and CEO of Coinbase Global Inc.

Coinbase Global Inc shares fell -1.27% to $244.50 on Friday. The stock has gained 0.14% over the past five days. Year to date, the stock has risen nearly 40.58%. Over the past one year, the stock has risen 353.62%. The stock hit a 52-week high of $283.48 on 03/25/24 and a 52-week low of $50.93 on 02/07/24. Sma at 50 days is $229.21 and 200 days is $160.16. A total of 7.06 million shares were traded, compared to the trading of 8.67 million shares in the previous session.

Coinbase Global Inc is scheduled to report its next quarterly earnings on May 11, 2024. According to analysts, the company is expected to report a loss of $2.43 per share for the quarter, which would be a significant improvement from the loss of $6.43 per share reported in the same quarter last year.

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