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Coinbase stock is up 37% over the past seven days after Ark Investment sold 214,068 shares the day before

U.S. asset manager ArkInvest sold 214,068 shares of Coinbase on Thursday through its ARK, ARKW and ARKF funds, according to ArkInvest Daily. Meanwhile, shares of cryptocurrency exchange Coinbase are up 37% in the past week ahead of its fourth-quarter earnings report. Analysts expect Coinbase's...

Coinbase stock is up 37% over the past seven days after Ark Investment sold 214,068 shares the day before

U.S. asset manager ArkInvest sold 214,068 shares of Coinbase on Thursday through its ARK, ARKW and ARKF funds, according to ArkInvest Daily. Meanwhile, shares of cryptocurrency exchange Coinbase are up 37% in the past week ahead of its fourth-quarter earnings report. Analysts expect Coinbase's fourth-quarter revenue to jump 22% from the third quarter to $825 million, according to an analysis of data from MarketWatch and FactSet. Coinbase's earnings per share for the fourth quarter are also estimated at $0.02. Meanwhile, rival trading platform Robinhood reported a 24% year-over-year increase in fourth-quarter revenue, driven by a surge in cryptocurrency trading revenue.

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