Circle Internet Group (NYSE:CRCL) Stock Price Up 14.4% - What's Next?

Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report)'s share price was up 14.4% during mid-day trading on Monday . The stock traded as high as $283.11 and last traded at $275.00. Approximately 36,130,549 shares traded hands during trading, a decline of 15% from the average daily volume of 42,743,121 shares. The stock had previously closed at $240.28.

Analyst Ratings Changes

Several brokerages have commented on CRCL. Wall Street Zen raised Circle Internet Group to a "hold" rating in a research report on Saturday, June 14th. Seaport Res Ptn upgraded Circle Internet Group to a "strong-buy" rating in a research report on Friday.

Circle Internet Group Price Performance

The firm has a market cap of $56.68 billion and a price-to-earnings ratio of -20,127.23.

Insider Activity

In other Circle Internet Group news, CFO Jeremy Fox-Geen sold 200,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $29.30, for a total value of $5,860,000.00. Following the transaction, the chief financial officer now owns 320,371 shares in the company, valued at approximately $9,386,870.30. This represents a 38.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Catalyst Group Vi L.P General sold 3,550,724 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $29.30, for a total value of $104,036,213.20. Following the completion of the transaction, the insider now owns 20,120,769 shares in the company, valued at $589,538,531.70. This represents a 15.00% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,682,884 shares of company stock worth $195,808,501.

About Circle Internet Group

Founded in 2013, Circle's mission is to raise global economic prosperity through the frictionless exchange of value. We intend to connect the world more deeply by building a new global economic system on the foundation of the internet, and to facilitate the creation of a world where everyone, everywhere can share value as easily as we can today share information, content, and communications.

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