— Investors put more pressure onto shares of the cryptocurrency exchange early Friday. The stock ticked down 2.
3% in premarket trading, a day after the company disclosed it received a Wells notice from the Securities and Exchange Commission. The disclosure pushed the stock down more than 14% on Thursday. Year to date, the stock is still up 87% this year.
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Coinbase’s stock tumbles after SEC warning, Regeneron shares rally, and other stocks on the moveCoinbase shares were declining 14% in afternoon activity after the crypto exchange disclosed a warning from the Securities and Exchange Commission that it may have broken securities laws. One analyst called the notice an “ominous” sign.
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