Streetbeat News

COIN

Coinbase Global, Inc.

https://www.coinbase.com

Industry

Software - Application

Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. The company offers the primary financial account in the cryptoeconomy for retailers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto assets as payment. Coinbase Global, Inc. was founded in 2012 and is based in Wilmington, Delaware.

Open

282.51

Mkt cap

77B

Volume

18M

High

306.45

P/E Ratio

52.02

52-wk high

334.86

Low

276.02

Div yield

N/A

52-wk low

94.90

Today's session highlighted significant whale activity in the financial stocks options market, with notable trades in NYCB, RILY, WAL, WU, CMA, KEY, C, COIN, AFRM, and BLK. The activity ranged from bullish to bearish sentiments across various expiration dates and strike prices, indicating diverse market expectations and strategies among large investors.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 5:35 pm

Deep-pocketed investors have shown a bearish sentiment towards Coinbase Glb (NASDAQ:COIN), with options trading data revealing a significant move. Benzinga's options scanner detected 27 unusual activities, with a bearish majority among investors. The price target for COIN is set between $85.0 and $200.0. Recent options trades include both calls and puts with varying sentiments and expiration dates. Coinbase, a leading cryptocurrency exchange, is focusing on expanding its services. The stock is currently neutral with an upcoming earnings report. Analyst ratings vary, with an average target price of $126.2.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 4:30 pm

Major cryptocurrencies surged following MicroStrategy Inc's announcement of acquiring an additional 850 BTC, boosting its holdings to 190,000 BTC. The company's stock, along with Coinbase, Riot Platforms, and Marathon Digital, experienced growth. Analysts predict a period of consolidation for Bitcoin, with Ethereum expected to outperform due to upcoming upgrades and significant ETH withdrawals from exchanges indicating strong holder sentiment.

Portfolio Pulse from Mehab Qureshi

February 07, 2024 | 2:51 am

Ark Invest, led by Cathie Wood, has reportedly lost over $14 billion in wealth over the past decade, largely due to a 67% drop in its flagship fund, ARK Innovation ETF (ARKK), during the 2022 bear market. Despite these losses, Ark Invest continues to manage over $13 billion in assets. The firm's top holdings, including Coinbase (COIN), Tesla (TSLA), Roku (ROKU), and Zoom (ZM), have faced challenges in 2024. However, Ark Invest has made significant purchases in Tesla and Robinhood (HOOD) shares, indicating confidence in these companies.

Portfolio Pulse from Benzinga Neuro

February 07, 2024 | 2:17 am

A new service, OnlyFake, using AI, has created fake IDs that passed KYC checks on crypto exchanges including OKX, raising security concerns. The IDs, costing $15, were used to bypass verifications on platforms like Kraken, Bybit, Bitget, Huobi, and PayPal. OKX and other exchanges are investigating, highlighting the challenge of AI-generated fraud in the industry.

Portfolio Pulse from Murtuza Merchant

February 06, 2024 | 7:47 pm

Air Products and Chemicals, Inc. (APD) shares fell by around 15% after reporting Q1 financial results below expectations and lowering FY24 EPS guidance. Other stocks showed significant movements, with notable gainers including Yield10 Bioscience (YTEN) and 4D Molecular Therapeutics (FDMT), and losers like NanoString Technologies (NSTG) and DMK Pharmaceuticals (DMK) due to bankruptcy proceedings.

Portfolio Pulse from Avi Kapoor

February 05, 2024 | 5:56 pm

Today's session highlighted significant options activity for several financial stocks, indicating potential trading opportunities. Notable movements include bullish sentiment on NYCB, MS, BAC, ABR, SOFI, HOOD, and JPM options, while COIN, OSCR, and CMA options showed bearish sentiment. This activity, tracked by Benzinga's options activity scanner, suggests investors are actively seeking positions that diverge from the market's normal valuation, potentially impacting the short-term price direction of these stocks.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 5:35 pm

Dr. Craig Wright, claiming to be Bitcoin's creator, faces a UK trial to prove he is Satoshi Nakamoto. The trial, starting Feb. 5, could end speculation about Bitcoin's creator. Wright's involvement in Bitcoin SV and the trial's significance for Copa members like Block (SQ), Coinbase (COIN), and Meta (META) are highlighted.

Portfolio Pulse from Benzinga Neuro

February 05, 2024 | 11:57 am

Coinbase, a leading cryptocurrency exchange, has announced a reduction in trading fees for its high-volume traders. This strategic move is aimed at attracting more institutional investors and high-net-worth individuals by making it more cost-effective for them to trade large volumes of cryptocurrency. The decision reflects Coinbase's efforts to enhance its competitiveness and market share in the rapidly evolving digital asset trading landscape.

Portfolio Pulse from Charles Gross

February 01, 2024 | 6:39 pm

Today's session highlighted significant options activity in the Financials sector, with notable movements in stocks like NYCB, COIN, BAC, NU, JPM, C, AGNC, MTB, TFC, and BX. The activity ranged from bullish to bearish sentiments, involving both call and put options with varying expiration dates and strike prices. This unusual options activity could indicate potential trading opportunities based on the sentiments and movements observed.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 5:35 pm

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