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Benzinga
Benzinga
Business
Melanie Schaffer

How To Trade Coinbase Stock Heading Into Q4 Earnings: Charting The Path Ahead

Coinbase Global, Inc (NASDAQ:COIN) is set to print its fourth-quarter financial results after the market close on Thursday. The stock was trading relatively flat heading into the event after gapping down over 7% to start the trading day and printing a new all-time low at $155.92.

When the cryptocurrency trading platform reported its third-quarter earnings on Nov. 9, it marked the temporary top for the stock and Coinbase gapped down over 9% the following day and then entered into a long-term downtrend, declining a total of 53% since that date.

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