Cathie Wood Keeps Selling Millions of Dollars in Coinbase Stock, Should You?
Cathie Wood and Ark Invest have made a name for themselves with their bold investment strategy of targeting companies on the bleeding edge of disruptive technological innovation. One of those is Coinbase Global (NASDAQ: COIN), a leading cryptocurrency platform offering a range of products to retail and institutional investors.
Ark Invest has been one of Coinbase's biggest fans since its initial public offering (IPO) in 2021, purchasing around 7 million shares at the time. But last month, the investment firm sold a chunk of its position. Naturally, this raises the question: If Cathie Wood thinks it's time to sell, does that mean you should, too?
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Source Fool.com
Coinbase Global Inc. Stock
€207.30
-2.850%
Our community is currently high on Coinbase Global Inc. with 28 Buy predictions and 16 Sell predictions.
However, we have a potential of -39.7% for Coinbase Global Inc. as the target price of 125 € is below the current price of 207.3 €.
