Why Shares of Coinbase Global Are Falling Today
Shares of the large cryptocurrency exchange Coinbase (NASDAQ: COIN) were trading nearly 5% down at 11:56 a.m. EST for no obvious reason, although a few things could be driving the move.
Recently, filings from the Securities and Exchange Commission revealed that insiders at Coinbase sold more than $40 million worth of stock in December. Now, insider selling is not always a bad indication, as you never really know the exact reason for the sales. Also, it's not unreasonable for executives and board members to want to cash out some of their holdings and reap the fruits of their labor. But obviously, it's better to see people buying stock than selling.
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Source Fool.com
