Coinbase Will Avoid a $135 Low in August

Coinbase will not hit $135 in August. Shares entered August trading in the $160 to $163 range and were at $161 on July 30, giving the stock room to hold up. Even after reporting a Q2 GAAP net loss of $359 million and second-quarter revenue of $1.22 billion that missed the $1.3 billion forecast, Coi…