Coinbase (COIN) shares fell 4.47% to $186.69 on May 18, extending a sharp post-earnings slide as a broader crypto market retreat and analyst downgrades weighed on the stock.
- JP Morgan and Baird lowered price targets following a 50% year-over-year plunge in transaction volumes.
- A fresh ethics filing revealed President Trump purchased COIN stock in the first quarter, though the news was overshadowed by negative market sentiment.
- Digital assets faced additional pressure from rising Treasury yields and geopolitical instability, contributing to the stock's downward momentum.