4 Red Flags for Coinbase Global's Future
Coinbase Global (NASDAQ: COIN) has burned a lot of investors since its public debut last April. The cryptocurrency exchange offered its shares through a direct listing with a reference price of $250, and it started trading at $381 per share before hitting its all-time high of $429.54 that same day.
But today, Coinbase's stock trades in the $150s. Let's review four red flags that caused investors to rush for the exits, and whether or not that sell-off represents a good buying opportunity for long-term investors.
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Source Fool.com
