These 5 Stocks Are Getting Crushed Today

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In this article, we take a look at five stocks that are declining today. If you want to take a look at some more stocks that are crashing on Wednesday and the latest market situation, go to These 10 Stocks Are Getting Crushed Today.

5. Coinbase Global, Inc. (NASDAQ:COIN) has plummeted 23.91% as of 11:43 AM ET after the cryptocurrency exchange platform saw its monthly transaction users (MTUs) decline from 11.4 million in Q4 2021 to 9.2 million in Q1 2022. Moreover, the total trading volume also took a hit as it declined from $547 billion in Q4 to $309 million in Q1 2022. Since last March, the stock price of Coinbase Global, Inc. (NASDAQ:COIN) has lost more than 70% of its value due to a broad tech sell-off coupled with a 30% decline in Bitcoin prices since the start of 2022.

ARK Investment Management was the leading investor in Coinbase Global, Inc. (NASDAQ:COIN) during Q1 2022. According to Insider Monkey’s proprietary data, Coinbase Global, Inc. (NASDAQ:COIN) was held by 57 hedge funds as of Q4 2021.

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