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The Score: UnitedHealth, Walmart, Coinbase Global and More Stocks That Moved on the Week's News

1. Coinbase faces a ransomware attack impacting sensitive customer data. 2. Estimated costs from the breach range from $180 million to $400 million. 3. Coinbase's reputation for safety is threatened by this incident. 4. Coinbase shares fell 7.2% following the breach announcement. 5. Coinbase is set to join the S&P 500 this month.

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FAQ

Why Bearish?

The substantial potential financial losses and reputational damage can negatively impact investor sentiment, similar to past security breaches in tech companies that led to significant drops in share prices.

How important is it?

The breach poses substantial financial risks and affects Coinbase's upcoming S&P 500 inclusion, heightening its relevance.

Why Short Term?

Immediate market reactions to breaches typically involve significant price declines in the short-term due to loss of investor confidence, as seen in incidents with Equifax and Target.

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