Why Coinbase Global Stock Rose 10.9% in February
Coinbase Global (NASDAQ: COIN) was a bright spot in an otherwise dreary February as its stock price rose 10.9% for the month, according to S&P Global Market Intelligence. The stock is trading at about $60 per share as of March 2, up roughly 82.7% year to date.
Coinbase far outpaced the major market indexes, which were all down in February. The S&P 500 fell 2.6% in February while the Dow Jones Industrial Average dropped 4.2% and the Nasdaq Composite was down 1.1% for the month.
Source Fool.com
