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Coinbase Global, Inc. (COIN)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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191.97-29.65 (-13.38%)
At close: 04:00PM EST
187.70 -4.27 (-2.22%)
After hours: 07:59PM EST
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Trade prices are not sourced from all markets
Previous close221.62
Open209.98
Bid186.71 x 1300
Ask186.95 x 900
Day's range186.86 - 210.18
52-week range186.86 - 429.54
Volume13,540,665
Avg. volume4,952,053
Market cap50.277B
Beta (5Y monthly)N/A
PE ratio (TTM)14.44
EPS (TTM)13.29
Earnings date09 Nov 2021
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est382.25
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    Did These 2 Favorite Stocks Get Hit Unfairly?

    The stock market's horrible 2022 continued on Friday, with major market benchmarks sinking even further. The Dow Jones Industrial Average (DJINDICES: ^DJI) is down a little more than 7% from its recent highs, while the S&P 500 (SNPINDEX: ^GSPC) has sunk almost 9% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has taken a 15% hit from its record levels. Two stocks that saw particularly large downdrafts on Friday were investor favorites Shopify (NYSE: SHOP) and Coinbase Global (NASDAQ: COIN).

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    Why Coinbase and Other Crypto Stocks Took a Nosedive Today

    Shares of Coinbase Global (NASDAQ: COIN) were getting demolished today. The stock was down nearly 12% as of 3:45 p.m. ET on Friday, adding to an absolutely brutal week for it and other companies tied to the crypto market. Along with the crypto exchange, crypto bank Silvergate Capital's (NYSE: SI) shares were also in retreat today (down 12%), as were stocks of top Bitcoin (CRYPTO: BTC) holders like MicroStrategy (NASDAQ: MSTR) (down nearly 16%) and Bitcoin fund Grayscale Bitcoin Trust (OTC: GBTC) (down almost 13%).

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