Coinbase Shares Slide Following SEC Lawsuit: Options Market Predicts Further Decline
Portfolio Pulse from Lisa Levin
Coinbase shares dropped after the SEC sued the company for illegally enabling the purchase and sale of crypto asset securities since 2019. The options market predicts a further decline in the stock price.
June 07, 2023 | 12:12 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Coinbase shares dropped after being sued by the SEC for illegal activities since 2019. Options market predicts further decline in stock price.
The SEC lawsuit against Coinbase for illegal activities since 2019 has caused the stock price to drop. The options market, with puts significantly outpacing calls volume, predicts a further decline in the stock price, which could negatively impact the company's short-term stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100