Circle Internet Group (NYSE:CRCL) Trading 7% Higher - Should You Buy?

Shares of Circle Internet Group, Inc. (NYSE:CRCL - Get Free Report) rose 7% during mid-day trading on Wednesday . The company traded as high as $160.25 and last traded at $159.64. Approximately 9,283,406 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 31,817,449 shares. The stock had previously closed at $149.15.

Analyst Upgrades and Downgrades

CRCL has been the subject of a number of recent analyst reports. Wall Street Zen raised Circle Internet Group to a "hold" rating in a report on Saturday, June 14th. Seaport Res Ptn raised Circle Internet Group to a "strong-buy" rating in a report on Friday.

Circle Internet Group Price Performance

The firm has a market capitalization of $53.85 billion and a PE ratio of -19,122.02.

Insider Buying and Selling at Circle Internet Group

In other Circle Internet Group news, Director Rajeev V. Date sold 50,000 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $29.30, for a total transaction of $1,465,000.00. Following the completion of the transaction, the director now directly owns 238,513 shares of the company's stock, valued at approximately $6,988,430.90. This trade represents a 17.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nikhil Chandhok sold 300,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $29.30, for a total value of $8,790,000.00. Following the transaction, the insider now directly owns 605,580 shares of the company's stock, valued at approximately $17,743,494. The trade was a 33.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,682,884 shares of company stock valued at $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.