Why Coinbase Global Stock Shriveled Today
Investors weren't kind to the stock of Coinbase Global (NASDAQ: COIN) on Tuesday. They traded the shares down by 2.6%, a steeper fall than the S&P 500's 0.3% loss on the day. An influential analyst's price-target cut was a major reason.
Tuesday morning, high-profile Mizuho (NYSE: MFG) prognosticator Dan Dolev slashed his price target, pegging Coinbase as being worth $150 per share; previously that figure was $190.
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Source Fool.com
