Coinbase's stock catches another downgrade with SEC cloud seen as ‘overhang' [MarketWatch]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Company Research
Source: MarketWatch
Coinbase Global Inc. shares were likely to continue their decline Friday after another analyst downgraded the stock in the wake of a warning notice from the Securities and Exchange Commission. TD Cowen analyst Stephen Glagola wrote Friday that it seems as if “multiple prongs of COIN's business are increasingly under threat of potential SEC enforcement action” after the cryptocurrency exchange disclosed late Wednesday that it received a Wells Notice from the agency . A Wells Notice often presages an enforcement action, but not always. “COIN appears headed for litigation against the SEC, which we expect to create an overhang on shares,” Glagola said, as he downgraded Coinbase's stock COIN, to underperform from market perform. Shares of Coinbase were off about 4% in morning trading Friday after declining 14% in Thursday's session, the first day of trading following Coinbase's disclosure of the Wells Notice. “To the extent listed crypto assets are deemed securities, it could exac
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COIN
Earnings
- 2/15/24 - Beat
COIN
Sec Filings
- 4/23/24 - Form 144
- 4/22/24 - Form 4
- 4/19/24 - Form 8-K
- COIN's page on the SEC website