Today news
About the same in other media
Coinbase stock rockets amid a ‘short squeeze’: Is this a GameStop moment?
Reading now: 996
fnlondon.comShares in beaten-down cryptocurrency exchange Coinbase have torn higher this week. Investors are likely witnessing a “short squeeze” that is driving the stock higher — similar to GameStop’s eye-popping stock rocket during the “meme stock” trading frenzy of early 2021.
Coinbase opened at $60.96 a share on 1 August and traded above $116 at points early 4 August, a staggering rally of 90%. The move higher has largely come from price action on 3 August, when the stock jumped 20%, and 4 August, with the shares last up another 18%.
Read more on fnlondon.comAbout this in other media
Plaintiff in Coinbase lawsuit raises issues of account lockouts, crypto as a security cointelegraph.com /2 years ago
Bitcoin, Ethereum trade secrets revealed; going short might be… ambcrypto.com /2 years ago
Bitcoin drops under $21,500, tanking Coinbase, Marathon Digital stocks fnlondon.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
