Coinbase Global ( (COIN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Coinbase Global’s stock has experienced unusual movements due to a risk-on trading environment after the U.S. Presidential election, leading to record derivative volumes and strong activity in cash equities. Piper Sandler raised its price target for the company, anticipating a favorable regulatory outlook for 2025, lower interest rates, and more retail trader involvement. However, despite the raised price target, the stock is weighed down by negative insider sentiment, highlighted by recent insider selling, including a significant sale by the CFO.
More about Coinbase Global
YTD Price Performance: 11.88%
Average Trading Volume: 13,283,561
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $72.04B
For further insights into COIN stock on TipRanks’ Stock Analysis page.
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