Coinbase Global’s stock surged 19% to $248 after being added to the S&P 500 index, with multiple analyst upgrades and strong Q1 earnings also contributing to the increase.
Coinbase Global Inc. is set to join the S&P 500 index, sparking a 9% surge in its stock price and solidifying its position as a major player in the financial sector.
Coinbase Global Inc’s Q1 earnings report revealed mixed results, overshadowed by a 3% stock price decline, amidst a tumultuous week marked by a strategic acquisition of Deribit and ongoing regulatory concerns.