Why Circle Internet Group Stock Is Rising Today

Yahoo Finance ·

Shrugging aside an analyst's bearish new opinion on Circle Internet Group ( CRCL +6.24% ) , investors are bidding the company's shares higher today. A popular growth investor made several investments in Circle, an issuer and operator of stablecoins, yesterday, and that seems to be sufficient motivation for investors to click the buy button themselves today. As of 10:31 a.m ET, Circle shares are up 7.3%, retreating from an earlier 11.8% rise. After the market closed yesterday, Ark Invest , led by Cathie Wood, reported that several of its exchange-traded funds (ETFs) had acquired Circle shares during the day.

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