• Image 01
  • Image 02
  • Image 03
  • Image 04
  • Image 05
  • Image 06
Need assistance? Contact Us: 1-800-255-5897

Menu

  • Home
  • About Us
    • Company Overview
    • Management Team
    • Board of Directors
  • Your Loan Service Center
  • MAKE A PAYMENT
  • Business Service Center
  • Contact Us
  • Home
  • About Us
    • Company Overview
    • Management Team
    • Board of Directors
  • Your Loan Service Center
  • MAKE A PAYMENT
  • Business Service Center
  • Contact Us
Recent Quotes
View Full List
My Watchlist
Create Watchlist
Indicators
DJI
Nasdaq Composite
SPX
Gold
Crude Oil
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

Why Coinbase (COIN) Stock Is Up Today

By: StockStory
May 16, 2025 at 13:26 PM EDT

COIN Cover Image

What Happened?

Shares of blockchain infrastructure company Coinbase (NASDAQ: COIN) jumped 9.3% in the afternoon session after the company clarified that the SEC's inquiry was related to a discontinued user-metric last reported more than two and a half years ago. 

Coinbase's Chief Legal Officer, Paul Grewal, explained, "This is a hold-over investigation from the prior administration about a metric we stopped reporting two and a half years ago, which was fully disclosed to the public." 

Some Wall Street analysts stayed positive despite the negative news, particularly in light of a cybersecurity breach disclosed the previous day. Oppenheimer analyst Owen Lau reaffirmed a Buy rating, saying the stock's negative reaction to the news was an opportunity for investors to accumulate more shares. Lau added "While we think the expected remediation cost of $180-$400M is high, we believe COIN intends to send a message that customers' funds are safe, and they will take full responsibility."

Is now the time to buy Coinbase? Access our full analysis report here, it’s free.

What The Market Is Telling Us

Coinbase’s shares are extremely volatile and have had 66 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 1 day ago when the stock dropped 5% on the news that the company announced it got emails from hackers who claimed they broke into user accounts, accessed customer data, found internal documents, and took notes tied to help desk tools and account management systems. 

Coinbase maintained it would not pay the $20M ransom demanded by the attackers and instead offered a $20M reward for information leading to their arrest and conviction. It also clarified that the breach affected less than 1% of Monthly Transacting Users (reported at 9.7M as of 1Q25). 

In a regulatory filing, Coinbase estimated the total cost of the incident, including efforts to address the breach and reimburse affected customers, could range from $180 million to $400 million. 

The stock's reaction suggested the market was worried about the material short-term financial headwind the incident could create. 

However, the limited scope (affecting less than 1% of Monthly Transacting Users) of the incident and the containment measures could dampen some of these concerns.

Coinbase is up 3.8% since the beginning of the year, but at $267.09 per share, it is still trading 22.3% below its 52-week high of $343.62 from December 2024. Investors who bought $1,000 worth of Coinbase’s shares at the IPO in April 2021 would now be looking at an investment worth $813.60.

Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.

More News

View More
Bitcoin and Dividends: A Winning Combo in These 3 ETFs
Today 10:04 EDT
Via MarketBeat
Topics ETFs
Tickers BITO BITS BTCI FBTC
Is PG&E an AI Power Play? Why Options Traders Are Betting Big
Today 8:57 EDT
Via MarketBeat
Topics Artificial Intelligence
Tickers MSFT PCG
MarketBeat Week in Review – 07/28 - 08/01
Today 7:00 EDT
Via MarketBeat
Topics Artificial Intelligence Economy World Trade
Tickers AAPL AEO AMZN BYRN
Will Hims & Hers Fall Along With Novo Nordisk?
August 01, 2025
Via MarketBeat
Tickers HIMS NVO
Play It Cool: Why Comfort Systems USA Is a Hidden AI Winner
August 01, 2025
Via MarketBeat
Topics Artificial Intelligence
Tickers FIX META MSFT NVDA
Site Logo
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.

Having difficulty making your payments? We're here to help! Call 1-800-255-5897

Copyright © 2019 Franklin Credit Management Corporation
All Rights Reserved
Contact Us | Privacy Policy | Terms of Use | Sitemap