Coinbase Global, Inc. (NASDAQ:COIN)’s stock price traded down 3.1% on Friday after an insider sold shares in the company. The stock traded as low as $249.55 and last traded at $253.90. 3,680,537 shares were traded during mid-day trading, a decline of 76% from the average session volume of 15,144,080 shares. The stock had previously closed at $262.00.
Specifically, insider Paul Grewal sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $173.76, for a total value of $1,737,600.00. Following the completion of the sale, the insider now directly owns 61,665 shares in the company, valued at approximately $10,714,910.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Paul Grewal sold 10,000 shares of the company’s stock in a transaction on Tuesday,…
