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

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

Analyst Ratings Changes

Separately, Wall Street Zen raised Circle Internet Group to a "hold" rating in a research report on Saturday.

Circle Internet Group Stock Performance

The company has a market cap of $39.96 billion and a price-to-earnings ratio of -14,190.77.

Insider Buying and Selling at Circle Internet Group

In related news, insider Nikhil Chandhok sold 300,000 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 $8,790,000.00. Following the sale, the insider now owns 605,580 shares in the company, valued at approximately $17,743,494. This represents a 33.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Catalyst Group Vi L.P General sold 3,550,724 shares of the business'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 transaction, the insider now owns 20,120,769 shares of the company's stock, valued at $589,538,531.70. This trade represents a 15.00% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, 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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