tl;dr
Cathie Wood's Ark Invest purchased over 53,708 Coinbase stocks worth over $8 million after a dip following the Trump-Harris debate. Despite recent regulatory challenges and legal disputes, Barclays upgraded Coinbase's stock. The purchase comes after a major retracement of over 40% from the stock's h...
Cathie Wood’s Ark Invest Loads Coinbase (COIN) Stock After Trump-Harris Debate Cathie Wood's Ark Invest purchased over 53,708 Coinbase stocks worth over $8 million after a dip following the Trump-Harris debate. Despite recent regulatory challenges and legal disputes, Barclays upgraded Coinbase's stock. The purchase comes after a major retracement of over 40% from the stock's highs and amid ongoing legal battles with the SEC. Additionally, Coinbase's Chief Legal Officer criticized the FDIC for withholding key communications related to the case.
More about Coinbase Global Inc
Summary of Coinbase Global Inc
Company: Coinbase Global, Inc.
Business: Provides financial infrastructure and technology for the crypto economy
Headquarters: Wilmington, Delaware
Industry: Finance, Finance Services
Market Cap: 39,373,824,000
Stock Price: $28.15
Dividend Yield: None
P/E Ratio: 5.63
EPS: 18.61
Beta: 0.33
Volume: 4,495,277,000
Revenue: $259.22
Net Income: $3.27
Profit Margin: 1.083
More about Emeren Group Ltd
Company: ReneSola Ltd
Industry: Manufacturing, Semiconductors & Related Devices
Market Cap: 117,374,000
Dividend Yield: None
EPS: -0.31
PE Ratio: 1.915
52-Week High: -0.163
52-Week Low: 4.38
RSI: -0.924
MACD: -0.112