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News Explorer — Coinbase Shares Reach Highest Price of the Year As Ark Invest Shifts to Robinhood

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Nov 28, 8:42 pm
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Coinbase Shares Reach Highest Price of the Year As Ark Invest Shifts to Robinhood

Coinbase shares have reached their highest trading price of the year, currently sitting at $128.46. However, the stock is still far from its all-time high of $342.98. The performance of Coinbase stock has generally followed the volatility of the cryptocurrency market, but recently it has outperformed Bitcoin and Ethereum. Cathie Wood's Ark Invest has taken the opportunity to sell $5.3 million worth of Coinbase shares and buy $1.2 million worth of Robinhood shares.

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