03:45 May 13, 2022 Coinbase Stock Rose Nearly 9%
Coinbase Global Inc. COIN (US: Nasdaq) closed up nearly 9% on the 13th. The company's stock closed at $58.50 in the last trading session, up 8.9% in 24 hours. Market analysis suggests that the rally in Coinbase is likely due to the investment firm Ark Invest, led by Cathie Wood, which increased its stake by 546,579 share (about $2.9 million) on Wednesday.
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