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?
Image source: Getty Images.
Source Fool.com
Coinbase Global Inc. Stock
€233.50
4.330%
Currently there is a rather positive sentiment for Coinbase Global Inc. with 31 Buy predictions and 16 Sell predictions.
On the other hand, the target price of 161 € is below the current price of 233.5 € for Coinbase Global Inc., so the potential is actually -31.05%.
