Coinbase Stock Falls After Earnings. Bitcoin Is Casting Dark Clouds.
Coinbase Global stock slid Friday in the wake of first-quarter financial results from the cryptocurrency broker that were far better than expected. Coinbase stock fell 3.5% in premarket trading on Friday after the shares advanced 8.9% on Thursday, before the release of first-quarter results. In some ways, the premarket move lower in Coinbase stock reflects the shares tracking the price of which has tumbled this week.