Coinbase seen widening losses to seventh consecutive session
Main Idea
Coinbase's shares continued to decline for the seventh consecutive session, dropping 2.38% to $370.45, with an 8% decline over the previous six sessions.
Key Points
1. Coinbase shares fell 2.38% to $370.45 during afternoon trading.
2. The stock declined for the seventh straight session.
3. Shares dropped more than 8% over the preceding six sessions.
Description
Coinbase ( NASDAQ: COIN ) was extending its losses for the seventh straight session on Tuesday as its shares slid 2.38% to $370.45 during afternoon trading. The crypto firm’s shares have declined more than 8% in the preceding six sessions. On a year-to-date basis, however, it has raced by over 53% widely outpacing the 8.64% rise in the broader S&P500 index. On July 18, the company’s shares ended 2.20% higher after President Trump signed the GENIUS Act into law, a landmark bill that establishes a...
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