Investors are Bearish on These 5 Stocks Today

4. Coinbase Global, Inc. (NASDAQ:COIN) has slipped 13.06% as of 11:57 AM ET after the stock of the Delaware-based cryptocurrency exchange platform came under pressure following a decline in cryptocurrency prices due to broad macroeconomic concerns. Coinbase Global, Inc. (NASDAQ:COIN) stock has lost more than 70% of its value since its IPO in April last year and is trading below the $100 level for the first time since going public. Since the start of the year, notable cryptocurrencies like Bitcoin, Ethereum, and Litecoin have declined by over 25%.

Catherine Wood’s ARK Investment Management was the leading hedge fund investor in Coinbase Global, Inc. (NASDAQ:COIN) as of Q1 2022. Overall, 57 funds held a stake in Coinbase Global, Inc. (NASDAQ:COIN) at the end of Q4 2021.