Coinbase Stock Surges Nearly 25%, Nears $250 for First Time Since April

Coinbase Global Inc. ($COIN) has seen a significant rise in its stock price, reaching nearly $250. The stock has surged almost 25% over the past three weeks, showing a strong upward trend. Analysts note that $COIN is poised to close above $250 for the first time since early April, with a strong coiled pattern that could lead to explosive growth if the cryptocurrency market continues to perform well. Options activity has also been notable, with June 14th $250 calls trading at $16.50, up from $8.85, and a target price of $260.