Coinbase (COIN) Stock Crashes in Crypto Sell-Off – Can It Bounce Back?
Coinbase closed at $312.59 on Sept. 26, down about 6% from five days earlier, as crypto prices slid and trading volumes fell. Q2 revenue dropped 26% quarter-over-quarter to $1.51 billion, with profit at $33 million, down sharply from a year ago. CEO Brian Armstrong sold 25,000 shares at $322 on Sept. 15. The company’s 52-week range is $142.60 to $444.60, with a market cap near $80.3 billion.