On September 17, Coinbase Global, Inc. rose 5.04% in regular trading, trading at $172.805 per share, with turnover of approximately $1.12 billion. The rebound follows a sharp multi-day selloff triggered by the rejection of the CLARITY Act in the U.S. Senate, which had previously sent the stock down as much as 12% intraday.
On the news front, Needham & Co adjusted its price target on Coinbase to $200 from $177 while maintaining a Buy rating, with analysts polled by FactSet assigning an average overweight rating and a mean target of $201.81. Separately, Coinbase announced a reduction in trading fees on its Advanced platform, a move that may help attract higher-volume institutional and retail traders. The company also added BLUE CHIP and Ritual to its listing roadmap, signaling continued platform expansion.
Despite the intraday recovery, options market activity remained cautious, with a notable CALL selling combination worth $173,900 betting that upside would be capped below the $182.50–$190.00 range. Ark Invest recently sold $7 million in Coinbase shares, and multiple directors have disclosed stock sales in recent weeks, suggesting mixed insider sentiment.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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