Stablecoin-issuer Circle's stock climbed again Thursday (June 26) following a dip this week. As CNBC reported Thursday, the company's shares rose 12% after losing 15% in the prior three days.
Shares of Circle Internet Group (CRCL 9.90%) are rising today, up 10.8% as of 1:39 p.m. ET. The jump comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) were up 0.7% and 0.8%, respectively.
Since going public on June 5, it's been pedal to the metal for the stablecoin issuer Circle (CRCL -10.69%), which has seen it's stock absolutely explode in just a few short weeks. The company priced shares at $31 per share, or a roughly $6.8 billion valuation.
CoreWeave (CRWV -7.63%) and Circle Internet Group (CRCL -10.79%) are two of the hottest stocks on the market right now. They're both new, and investors have been feverishly buying them up already.
Circle Internet Group shares were losing more steam on Wednesday, three weeks after the company's splashy initial public offering, with focus now shifting to other stablecoin plays.
Shares of Circle Internet Group (CRCL -10.17%) are falling today, down 9.1% as of 2:57 p.m. ET. The drop comes as the S&P 500 (^GSPC -0.04%) and Nasdaq Composite (^IXIC 0.22%) were relatively flat.
Since going public earlier this month, shares of Circle Internet Group (CRCL -14.49%) have rocketed by more than 600% (as of June 24). While initial public offerings (IPOs) tend to fetch outsize attention, I'll admit that Circle's parabolic rise is unusual.
Circle Internet Group (CRCL -15.49%) has been one of the hottest stocks on Wall Street in recent weeks. The company held its initial public offering (IPO) on June 5, listing 34 million shares on the New York Stock Exchange.
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