2 Months Ago
2 Min Read

COIN shares rose 8% today. Here's why:

COIN
-2.05% 24h



Shares of Coinbase Global Inc (COIN) are trading 8% higher at a price of $94.32 at the time of this writing.

Coinbase Global Inc has been trading between a 52-week high of $368.9 and a 52-week low of $40.83. The stock has a market cap of $24.6 Billion.

Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy.

Headlines


Coinbase’s Q2 Below Par Earnings Leads Stock Price to Fumble - BitcoinEthereumNews.com
Bitcoin Ethereum News 08-10-22

Coinbase Post $1 Billion Dollar Loss in Q2, Trading Volumes Take Major Hit - DailyCoin
DailyCoin 08-10-22

Benzinga Before The Bell: Elon Musk Sells $6.8B Tesla Shares, Nio Begins ES7 Test Drives, Coinbase Accused Of Misleading Investors And Other Top Financial Stories Wednesday, August 10
Benzinga 08-10-22

Coinbase stock dips on worse than expected Q2 loss. MTUs fall in July
Seeking Alpha 08-10-22

3 Overrated Growth Stocks to Avoid Now
InvestorPlace 08-10-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Capitalistpig2112 - 66 upvotes - source
Here is my COIN story. I bought at 290. Then I bought even more at 120. Then I bought a SHITTON at 50. Then I sold 90% of it all for 2% gain today. I have no idea what we can learn from this other than sometimes dumb things happen to dumb people.

Loose_Meat_Sandwich_ - 31 upvotes - source
We like COIN to $4.75

_foldLeft - 31 upvotes - source
Holy fuck that COIN report is straight garbage ![img](emote|t5_2th52|4271)

WTD_Ducks21 - 27 upvotes - source
LOL $COIN LOST $5/SHARE THIS QUARTER HOLY FUCK. Their forward p/e dropped to *-12x* LMFAO

Entire_Conflict1060 - 27 upvotes - source
How de fuck is COIN not down 30% That’s some shitfuckery going on right there alright

TradeSpY420 - 16 upvotes - source
Un fuking believable COIN isnt down 50% AH. Massive missed. Jesus fuck this POS market is one rigged ponzi scheme.

BlakeClass - 15 upvotes - source
Coin 50P Rblx 35p Let’s go

jokunimi666 - 15 upvotes - source
COIN misses earnings by 90% and it's up 2.5% in PM

Opposite_Engine_6776 - 14 upvotes - source
Clown ass fucking market. Coinbase misses on everything and it’s fucking up. Fuck this crypto, frothy permabull culture. Irrational exuberance. TL/DR: I had $COIN puts. My puts are fucked.

Hardbun - 12 upvotes - source
How the fuck does COIN manage to fuck up their already battered down estimates LMFAO