Why Shares of Coinbase Fell Nearly 5% on Monday

Motley Fool2022-03-22

KEY POINTSJim Chanos, a famous short seller, said he believes Coinbase is "overearning" right now.What happenedShares of the large crypto exchange Coinbase fell nearly 5% today after a big investor ...

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Comments

手可摘棉花
2022-03-22
手可摘棉花
I like coinbase
JiakLiulian
2022-03-22
JiakLiulian
Thanks for the info
SanWangtikup
2022-03-22
SanWangtikup
[Glance]
ashk3
2022-03-22
ashk3
If he isn't saying why, take it with a pinch of salt and do your own research
MSTAN
2022-03-22
MSTAN
👌👌
Remotecam
2022-03-22
Remotecam
He shorts $Coinbase Global, Inc.(COIN)$, then goes on CNBC telling people it's a bad "story" stock which resulted in 5% drop and he makes millions in profit. How is this not illegal??? How?? ... [LOL]

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Shares rallied leading up to last November but have since come tumbling back down along with many other tech stocks. Analysts have broadly stayed bullish on the company, with the average median price target still close to $300, implying strong upside from the current stock price of around $176 per share.As the price has come down, I've been more bullish on Coinbase, especially as it continues to further diversify revenue and as cryptocurrencies like Bitcoin get more ingrained into the financial system.But with a prominent short seller like Chanos now turning his eye on the company, it's definitely a good idea to retest your hypothesis and see if you can figure out where he may be coming from in terms of his comments on earnings.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9034578361,"gmtCreate":1647931315197,"gmtModify":1676534281609,"author":{"id":"3579342217954724","authorId":"3579342217954724","name":"手可摘棉花","avatar":"https://static.tigerbbs.com/eb5d81ca4420febc27175fcd21eb90b2","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3579342217954724","authorIdStr":"3579342217954724"},"htmlText":"I like coinbase","listText":"I like coinbase","text":"I like coinbase","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034578361","repostId":1187098701,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034547561,"gmtCreate":1647929263820,"gmtModify":1676534281477,"author":{"id":"3574251446540235","authorId":"3574251446540235","name":"JiakLiulian","avatar":"https://static.tigerbbs.com/7dfeb5e6b6a637ff93a6fc5f4d1638d6","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":7,"crmLevelSwitch":0,"idStr":"3574251446540235","authorIdStr":"3574251446540235"},"htmlText":"Thanks for the info&nbsp;","listText":"Thanks for the info&nbsp;","text":"Thanks for the info","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034547561","repostId":1187098701,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034540859,"gmtCreate":1647926816266,"gmtModify":1676534281133,"author":{"id":"4087452914358580","authorId":"4087452914358580","name":"SanWangtikup","avatar":"https://static.tigerbbs.com/c7f061d50a9f915d0ce8e8c879871960","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"idStr":"4087452914358580","authorIdStr":"4087452914358580"},"htmlText":"[Glance]&nbsp;","listText":"[Glance]&nbsp;","text":"[Glance]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034540859","repostId":1187098701,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034553015,"gmtCreate":1647925112541,"gmtModify":1676534280934,"author":{"id":"3568528830578074","authorId":"3568528830578074","name":"ashk3","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3568528830578074","authorIdStr":"3568528830578074"},"htmlText":"If he isn't saying why, take it with a pinch of salt and do your own research&nbsp;","listText":"If he isn't saying why, take it with a pinch of salt and do your own research&nbsp;","text":"If he isn't saying why, take it with a pinch of salt and do your own research","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034553015","repostId":1187098701,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034559630,"gmtCreate":1647924822119,"gmtModify":1676534280926,"author":{"id":"4089461104605170","authorId":"4089461104605170","name":"MSTAN","avatar":"https://static.itradeup.com/news/1d0ff53a35c30afecbd1fa0c5ed59f07","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4089461104605170","authorIdStr":"4089461104605170"},"htmlText":"👌👌","listText":"👌👌","text":"👌👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034559630","repostId":1187098701,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034525347,"gmtCreate":1647923828593,"gmtModify":1676534280854,"author":{"id":"4093854476996450","authorId":"4093854476996450","name":"Remotecam","avatar":"https://community-static.tradeup.com/news/f856a0a30bd0fa23a086fc678014e48b","vip":1,"crmLevel":6,"crmLevelSwitch":1,"idStr":"4093854476996450","authorIdStr":"4093854476996450"},"htmlText":"He shorts <a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>,&nbsp;then goes on CNBC telling people it's a bad \"story\" stock which resulted in 5% drop and he makes millions in profit.&nbsp; How is this not illegal??? How?? ...&nbsp;[LOL]&nbsp;","listText":"He shorts <a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$</a>,&nbsp;then goes on CNBC telling people it's a bad \"story\" stock which resulted in 5% drop and he makes millions in profit.&nbsp; How is this not illegal??? How?? ...&nbsp;[LOL]&nbsp;","text":"He shorts $Coinbase Global, Inc.(COIN)$, then goes on CNBC telling people it's a bad \"story\" stock which resulted in 5% drop and he makes millions in profit. How is this not illegal??? How?? ... [LOL]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034525347","repostId":1187098701,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":176,"commentSize":24,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1187098701"}