Crypto-Follow logo Crypto-Follow logo
TipRanks 2022-04-01 14:25:03

Coinbase Stock Could Sink, Short-Seller Takes Aim

Shares of popular cryptocurrency exchange platform Coinbase (COIN) have been under more selling pressure. With the broader tech sell-off and renowned short-seller Jim Chanos taking aim at the company, the perfect storm could be in the works as the stock looks to bottom out and regain its footing. Coinbase stock shed around 58% of its value from peak to trough and is now attempting to move on from its brief plunge just north of $150 per share. Now, it's never a good idea to be on the receiving end of a short-seller, especially one as famed as Jim Chanos.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer