Why Coinbase Global, Inc. (COIN) Skyrocketed on Friday
From Yahoo Finance: 2025-05-20 12:54:00
The stock market closed the week positively despite mixed earnings and inflation concerns, with the Dow Jones up by 0.78%, S&P 500 by 0.70%, and Nasdaq by 0.52%. 10 companies, including Bitcoin miners and quantum computing firms, saw significant gains due to corporate developments. Coinbase Global (COIN) surged 9.01% ahead of its S&P 500 inclusion on May 19. Despite recent challenges, COIN’s net revenue increased by 23.4% in the first quarter.
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