In the latest market close, Coinbase Global, Inc. (COIN) reached $260.01, with a -1.63% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.16%. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq lost 0.06%.The company's stock has dropped by 12.6% in the past month, falling short of the Business Services sector's loss of 6.27% and the S&P 500's loss of 2.8%.The investment community will be paying close attention to the earnings performance of C ...

Key TakeawaysCoinbase shares are off to a strong start this year as the cryptocurrency exchange continues to benefit from optimism that the incoming Trump administration and a crypto-friendly Congress will support policies that benefit the asset class.After setting a three-year high in early December, the stock has retraced about half of its post-election rally, with the price sitting roughly midway between the 200- and 50-day moving averages.Investors should watch key support levels on the Coinbase chart a ...

Just a couple of trading days are left to end 2024. Wall Street has been on a historic rally, buoyed by the artificial intelligence (AI) craze and rate-cut optimism. A surge in technology stocks and the rise in the share of "Magnificent Seven" have also added to the strength. Trump’s win in the presidential election also bolstered optimism.The tech-heavy Nasdaq Composite Index led the charge, rising 31.4%. The S&P 500 and the Dow Jones are up 25.2% and 14.1%, respectively and are on track for the best year ...

Today’s market offers investors the unique opportunity to participate in an era of extraordinary technological innovation. From the rapid expansion of AI to the evolution of digital currencies and the infrastructure powering these industries, there is no shortage of exciting opportunities to capitalize on these transformative trends.While technology investing often comes with significant volatility, for those seeking rapid capital growth, these sectors provide some of the most promising avenues.For investor ...

Coinbase (COIN 4.28%) was founded in June 2012 with the sole purpose of facilitating the buying and selling of Bitcoin. But over the next 12 years, the digital asset brokerage and exchange operator has expanded into a broader business by offering more services.After a disappointing 2022, shares have been on an absolute tear, soaring 697% in the past two years. As of this writing on Dec. 19, the company's market cap sits at $70 billion.But can Coinbase continue its upward trajectory, increase 14-fold in valu ...

Coinbase Global Inc. (COIN) has been trading below its 50-day simple moving average (SMA), signaling a short-term bearish trend. The stock closed at $268.15 as of Dec 23, 2024, down 23% from its 52-week high of $349.75.The 50-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered particularly important as this is the first marker of an uptrend or downtrend. COIN, America's largest registered crypto exchange, has a market capitalization of $67.1 billio ...

The broader U.S. equity markets have witnessed significant volatility over the past few trading days as concerns regarding the Federal Reserve’s interest rate cuts took center stage amid stubborn inflation. However, the November reading of the personal consumption expenditures price index, which increased 2.4% year over year, offered some solace as it was a tad less than broad-based expectations. This helped defuse some of the bearishness and helped stocks recover from a volatile past week that witnessed th ...

The essence of Christmas, marked by the Christmas tree adorned with twinkling lights and silver bells, brings joy and warmth to every heart. This emblem of goodwill and love is pivotal in celebrating the season's cheer. Mirroring its significance, we have crafted a tree with some top-ranked stocks that have the potential to outperform in 2025.Crafting & Decorating the Christmas Tree of StocksLet’s build the base first, which is the most valuable part and the place where all gifts are to be found. There’s no ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Coinbase Global, Inc. (NASDAQ:COIN) 51st Nasdaq London Investor Conference Transcript December 11, 2024 8:30 AM ET Company Participants Alesia Haas - Chief Financial Officer Conference Call Participants Michael Infante - Morgan Stanley Michael Infante Okay, everyone. Thank you. Thank you for joining us. We’re going to get started. I’m Michael Infante. I’m an equity analyst covering fintech here at Morgan Stanley. I’m very pleased to be joined by Alesia Haas of Coinbase, their Chief Financial Officer. Before ...