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Coinbase Global, Inc. (COIN) Surpasses Market Returns: Some Facts Worth Knowing
Zacks Investment Research· 2024-02-07 23:50
Coinbase Global, Inc. (COIN) closed at $122.07 in the latest trading session, marking a +1.9% move from the prior day. This move outpaced the S&P 500's daily gain of 0.82%. Elsewhere, the Dow gained 0.41%, while the tech-heavy Nasdaq added 0.95%.The the stock of company has fallen by 21.19% in the past month, lagging the Finance sector's gain of 1.02% and the S&P 500's gain of 5.59%.The investment community will be closely monitoring the performance of Coinbase Global, Inc. in its forthcoming earnings repor ...
Why Coinbase Stock Dropped 9.2% Today
The Motley Fool· 2024-02-05 22:37
Shares of Coinbase Global (COIN -9.22%) dropped by as much as 10.4% in trading on Monday as investors speculated that interest rates would stay higher for longer than previously expected. Shares ended the session down 9.2%.Interest rates and CoinbaseThe common perception is that lower rates help the crypto industry. Low rates for safe, interest-bearing investments push more investors into riskier assets, and crypto falls in the high-risk category.Major crypto tokens often trade correlated to growth stocks, ...
Here's Why Shares of Coinbase, Marathon Digital, and Riot Platforms All Fell in January
The Motley Fool· 2024-02-05 21:43
Shares of cryptocurrency companies Coinbase Global (COIN -9.22%), Marathon Digital (MARA -8.57%), and Riot Platforms (RIOT -7.76%) performed poorly during January as the cryptocurrency space took an unexpected breather. According to data provided by S&P Global Market Intelligence, these three stocks were down 26.3%, 24.5%, and 29.5%, respectively, during the month.There are company-specific things that could be talked about regarding Coinbase, Marathon Digital, and Riot Platforms. However, looking at a stoc ...
Coinbase Global, Inc. (COIN) Rises But Trails Market: What Investors Should Know
Zacks Investment Research· 2024-02-01 23:50
Coinbase Global, Inc. (COIN) closed the latest trading day at $128.95, indicating a +0.59% change from the previous session's end. This change lagged the S&P 500's 1.25% gain on the day. Meanwhile, the Dow experienced a rise of 0.97%, and the technology-dominated Nasdaq saw an increase of 1.3%.The company's stock has dropped by 15.79% in the past month, falling short of the Finance sector's loss of 2.58% and the S&P 500's gain of 1.58%.The upcoming earnings release of Coinbase Global, Inc. will be of great ...
Coinbase hires George Osborne as it looks to expand, fight legal battle with SEC
Proactive Investors· 2024-01-31 17:48
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Investors Heavily Search Coinbase Global, Inc. (COIN): Here is What You Need to Know
Zacks Investment Research· 2024-01-31 15:01
Coinbase Global, Inc. (COIN) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned -16.6%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Securities and Exchanges industry, which Coinbase Global, Inc. falls in, has lost 7.8%. The key question now is: What could be the stock's future direction?Whi ...
Former UK finance minister joins Coinbase crypto exchange as an advisor
CNBC· 2024-01-31 11:42
Former British Chancellor George Osborne addresses guests during a visit to the Manchester Chamber of Commerce on July 1, 2016 in Manchester, England.LONDON — A former British finance minister on Wednesday joined cryptocurrency exchange Coinbase as a global advisor, beefing up the company's regulatory bargaining power at a time when it faces severe scrutiny stateside.Coinbase announced that George Osborne, who served as Britain's chancellor of the exchequer from 2010 to 2016, will join the company on its gl ...
Coinbase stock and the case for 50% upside
MarketBeat· 2024-01-31 11:16
Key PointsShares are continuing to recover from the post-pandemic selloff. As Bitcoin surges in value, so does Coinbase, and expectations are high. Analysts are looking for even more gains in the near term.  5 stocks we like better than Coinbase GlobalCoinbase Global, Inc. NASDAQ: COIN is one of those stocks you just can't keep your eyes off. Whether it's ripping higher or collapsing onto itself, you're guaranteed entertainment. One thing's for sure: investing in one of the world's biggest cryptocurrency ex ...
Looking for the Best Bitcoin ETF? Hint: It's Not an ETF.
InvestorPlace· 2024-01-30 15:47
When spot Bitcoin (BTC-USD) ETFs were approved on Jan. 10, many thought it signaled a new era for Coinbase (NASDAQ:COIN), the custodian behind eight of the 11 new funds. Millions of investors could now buy cryptocurrency straight from regular trading accounts, and Coinbase’s management went so far as to proclaim that the “future of money is here.” Prices of Bitcoin rose from $25,000 to $49,000 in anticipation of the approval.But so far, the future of money hasn’t been particularly bright. Since Jan. 11, sha ...
3 Once-in-a-Lifetime Blockchain Stocks With Unprecedented Surge Potential
InvestorPlace· 2024-01-29 18:04
Despite the muted enthusiasm around cryptocurrencies such as Bitcoin (USD-BTC) these past few weeks following the Bitcoin spot ETF approval, some blockchain stocks with growth potential could reignite investors’ bullish sentiment.These blockchain stocks are highly rated by Wall Street, with some analysts anticipating double-digit growth for the EPS and revenue figures for these businesses in the future. Much of this optimism may come in the wake of new liquidity being injected into the market from instituti ...