Coinbase (COIN) Stock: Why The Price Went Up Over 1.8% Today

By Amit Chowdhry ● May 20, 2022
  • The stock price of Coinbase Global Inc (NASDAQ: COIN) increased by over 1.8% during intraday trading today. This is why.

The stock price of Coinbase Global Inc (NASDAQ: COIN) increased by over 1.8% during intraday trading today. Investors are responding positively to what was revealed in a regulatory filing.

The regulatory filing showed that Coinbase director and co-founder Frederick Ernest Ehrsam III acquired 385,260 shares of the company. These purchases were made through Ehrsam’s Paradigm One LP. With these purchases, Paradigm One LP now has 1,091,814 shares of the company. The shares were purchased between the prices of $63.9236-$66.5284.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.