Coinbase (COIN) Stock Falls 10% to 52-Week Low as Cathie Wood Buys the Dip

TLDR Coinbase (COIN) closed at $136.82 on Thursday, down 9.69%, after a new 52-week low of $133.50. Ark Invest bought $2.44 million of Coinbase while selling Bullish and Bitmine. The Nasdaq Composite fell 5.52%, its worst day since April 2025. Morgan Stanley cut Coinbase to Underweight with a $120 target. New Jersey lifted its staking order, but four other states still have disputes. Coinbase (COIN) closed Thursday at $136.82, down 9.69% on the day. The prior close was $151.50. Coinbase Global, Inc., COIN The stock touched $133.50 during the session, a new 52-week low. Volume had already passed 4.7 million when it traded near $138.59. The Nasdaq Composite fell 5.52%, its worst day since April 2025, according to CNN. The S&P 500 lost 4.36%, and the Dow dropped 3.44%.

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