Capitalize Financial
No Result
View All Result
Wednesday, March 22, 2023
  • Home
  • Business
  • Economy
  • World
  • Markets
  • Tech
  • Real Estate
Capitalize Financial
  • Home
  • Business
  • Economy
  • World
  • Markets
  • Tech
  • Real Estate
No Result
View All Result
Capitalize Financial
No Result
View All Result
Home Sports

Coinbase’s market debut weighs on other crypto industry stocks

by capitalizefinancial
April 23, 2021
in Sports
0
Coinbase’s market debut weighs on other crypto industry stocks

Since making its much-anticipated market debut, Coinbase has performed mostly in the red and that appears to be weighing on some of its publicly traded peers.

The stock—which began trading on the Nasdaq on April 14—has declined from more than $410 a share to about $293 at the close on April 22. Since its direct listing day, Coinbase is down more than 10%.

To be sure, it’s still early days for the stock. More often than not, it takes time for a direct listing of a stock to find its footing, as noted by hedge fund executive Jeff Dorman.

“I’m not surprised at all by the COIN price action,” Dorman, the chief investment officer of Arca, told The Block. “No major banks have written research on COIN yet. Plus most investors will want to see another quarter of numbers to see if 1Q was a flash in the pan or not.”

Still, while Wall Street has been digesting Coinbase, firms like Silvergate, Galaxy Digital, and Voyager have seen their market capitalization and stock prices drop.

Read more

No Result
View All Result

Subscribe Us

By clicking on Subscribe, I confirm that I have read and agree to the terms set forth in the Privacy Policy and Terms of Service including Capitalize Financial ability to use and share my information and Capitalize Financial, or third-party companies and business partners, may send me offers for products and services at the email address I have provided. I understand that my information may be supplemented with additional information obtained from other sources.
  • Trending
  • Comments
  • Latest

Capital One Savings Account Rates for November 2022

Gas Prices Today, October 22, 2022: Check the cheapest Gas Stations Today

7 personal finance tips for Gen Z, from a Gen Xer

NASA’s Orion spacecraft breaks Apollo 13 flight record

These are the 10 housing markets across the US where home sellers are sitting pretty

These are the 10 housing markets across the US where home sellers are sitting pretty

Embrace Technology And Stop Playing “Guess Who” With Your Customers

10 Best Finance Podcasts for 2023

NASA’s Webb Telescope Confirms First Exoplanet

Recent News

These are the 10 housing markets across the US where home sellers are sitting pretty

Embrace Technology And Stop Playing “Guess Who” With Your Customers

Categories

  • Business
  • Cryptocurrency
  • Economy
  • entertainment
  • finance
  • health
  • Markets
  • Music
  • Opinion
  • Politics
  • Real Estate
  • Science
  • Sports
  • Tech
  • World

Site Navigation

  • Contact Us
  • Privacy & Policy
  • Terms Of Service
  • Unsubscribe

© 2021 capitalize Financial All Rights Reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • Tech
  • Real Estate

© 2021 capitalize Financial All Rights Reserved