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-0.00296977814010376 -0.00273685436440924 -0.00401793513072846 -0.00215454492517326 0.00692948232690851 -0.00576486344843655 -0.0231176847376696 -0.0266115413730858
Stock impact report

Cathie Wood Loads Up $30 Million in Circle Shares After Brutal Sell-Off [Yahoo! Finance]

Circle Internet Group, Inc. Class A (CRCL) 
Company Research Source: Yahoo! Finance
Shares of Circle Internet Group ( NYSE:CRCL ) dropped about 12% on Wednesday, but that didn't stop Cathie Wood's ARK Invest from buying the dip. The investment firm picked up nearly $30.5 million worth of Circle shares across three of its exchange-traded funds. The ARK Innovation ETF ( ARKK ) purchased around 245,800 shares, while the ARK Next Generation Internet ETF ( ARKW ) added roughly 70,600, and the ARK Fintech Innovation ETF ( ARKF ) took in about 36,900 shares. Warning! GuruFocus has detected 2 Warning Sign with CRCL. Is CRCL fairly valued? Test your thesis with our free DCF calculator. The buying spree came just after Circle reported better-than-expected third-quarter results. The company, best known as the issuer of USCoin ( USDC-USD ), posted $740 million in revenue, up about 66% year over year, and net income of $214 million, more than triple last year's figure. USDC's circulation also grew sharply to $73.7 billion, more than double the level from a year ago. Ev Show less Read more
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