US Fund Manager Explains Why his Company Shorted Coinbase (COIN) Stocks

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Coinbase's stock price has already declined by roughly 50% in less than half a year.

Coinbase’s stock price has already declined by roughly 50% in less than half a year.

As such, it’s no surprise that the COIN shares skyrocketed to $385 in mid-November, when BTC painted its all-time high at $69,000. Since then, though, the stocks have been on a freefall, shedding approximately 50% of their value and closing at $185 on March 18th.to CNBC on Friday, Chanos outlined his and his company’s reasons why they believe Coinbase is overvalued by naming it a “bubble stock.”

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 568. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités