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-8.02858175103779E-05 -0.00166593071333946 -0.00409859098390275 -0.00555979286259079 -0.00024085745253102 0.00525872104692707 0.00525872104692707 0.00525872104692707
Stock impact report

Why Coinbase (COIN) Shares Are Sliding Today [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Also, Compass Point cut its price target on Coinbase to $230 from $266, while keeping its Sell rating. The firm noted that the company's fourth-quarter revenue was tracking approximately 5% below consensus estimates and expressed concern about a potential earnings miss. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy Coinbase? Access our full analysis report here Coinbase's shares are extremely volatile and have had 51 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 6 days ago when the stock gained 1.8% on the news that crypto linked stocks soared as sentiment in the crypto market improved, following MicroStrategy's disclosure that it purchased an additional 10,624 bitcoins for approximately $9 Show less Read more
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