Coinbase, S&P 500
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Key Takeaways Coinbase shares soared 24% on Tuesday following news the cryptocurrency exchange will be added to the S&P 500.The stock forged an inverse head and shoulders pattern on the chart between March and May,
Shares of Coinbase rose sharply Tuesday on news that it would be included in the benchmark S&P 500 this month.
Shares surged 24% after S&P Dow Jones Indices said the crypto exchange will join the S&P 500 on May 19. ↗️ Boeing (BA): The aviation company's shares rose 2.5% after China
Coinbase is evolving from a trading-fee-dependent crypto exchange to a durable infrastructure provider. Read why I rate COIN stock a Buy now.
Rosenblatt analyst maintains Buy rating for Coinbase Global, raises price target to $300. Recent gains driven by S&P 500 addition and Deribit acquisition.
Coinbase CEO Brian Armstrong said that the firm is always looking for mergers and acquisition opportunities as it readies to join the S&P 500.
Coinbase had its best day since just after last year’s presidential election, as investors bought shares ahead of the company’s inclusion in the S&P 500.
CNBC's Tanay Macheel joins 'Closing Bell' to talk Coinbase joining the S&P 500. Republicans Are Breaking With Trump Over Qatar Plane Jamie Lee Curtis makes plea to Mark Zuckerberg to take down unsettling AI video Argentina sends U.