What's Going On With Coinbase Stock Thursday?
Portfolio Pulse from Ryan Gustafson
Coinbase Global, Inc. (NASDAQ:COIN) shares are trading lower, down over 7% on Thursday. The company is set to report second-quarter earnings on Aug. 3, with an expected loss of one cent per share and revenue of $170,000. Despite the drop, Coinbase stock has rallied 70.87% over the past three months and is up 57.33% since the beginning of the year.
July 27, 2023 | 8:05 pm
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Coinbase shares are trading lower, down over 7% on Thursday. The company is set to report Q2 earnings on Aug. 3, with an expected loss of one cent per share and revenue of $170,000. Despite the drop, the stock has rallied 70.87% over the past three months and is up 57.33% since the beginning of the year.
The drop in Coinbase's stock price is likely due to the upcoming earnings report, where a loss is expected. However, the stock has shown strong performance over the past three months, which may mitigate some of the negative impact.
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