Latest news with #CircleInternet
Bloomberg
a day ago
- Business
- Bloomberg
Stock Movers: Goldman Passes Fed Stress Test, Circle Internet Falls, Disney Climbs
On this episode of Stock Movers: Goldman's 2026 capital requirement under current rules may fall 240 bps due to its peer-leading stress-test results improvement (290 bps), partially offset by a 50-bp increase in its systemic surcharge. Circle Internet (CRCL) falls 2.7% in US premarket trading after JPMorgan — which was a lead in its successful IPO this month — starts coverage with an underweight recommendation, citing a valuation that's beyond the broker's 'comfort zone.' Barclays, meanwhile, gives the stock an overweight rating, saying it's 'one of the only ways' to tap into the stablecoin hype. Disney (DIS) climbs 2% after Jefferies upgraded it's rating to buy, with the broker now seeing limited risk for a slowdown for its key parks division in 2H 2025.
Bloomberg
a day ago
- Business
- Bloomberg
Stock Movers: Circle Falls, Disney Climbs, Moderna Meets Flu Shot Goal
On this episode of Stock Movers: Circle Internet (CRCL) falls 2.7% in US premarket trading after JPMorgan — which was a lead in its successful IPO this month — starts coverage with an underweight recommendation, citing a valuation that's beyond the broker's 'comfort zone.' Barclays, meanwhile, gives the stock an overweight rating, saying it's 'one of the only ways' to tap into the stablecoin hype. Disney (DIS) climbs 2% after Jefferies upgraded it's rating to buy, with the broker now seeing limited risk for a slowdown for its key parks division in 2H 2025. Moderna Inc. (MRNA) climbs 5% after saying its experimental flu shot met its goal in a late-stage trial, clearing the path for its broader strategy of selling combination vaccines. The shot's efficacy was 27% higher than a licensed influenza vaccine in adults 50 years and older, the company said in a statement Monday. The trial enrolled more than 40,000 adults across 11 countries. The results set the stage for Moderna to offer a single shot that protects against Covid and flu. US regulators recently told the company that it needed to produce flu vaccine efficacy data — and not just data on the immune response — delaying a potential approval for a combination shot until next year.
Yahoo
5 days ago
- Business
- Yahoo
Cathie Wood's Ark Invest Cashes Out $109 Million Out Of Circle Internet Stock As Shares Spike, Pivots Into Robinhood And These Chip Stocks
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. On Monday, Cathie Wood-led Ark Invest made significant trades involving Circle Internet Group Inc. (NYSE:CRCL), Robinhood Markets Inc. (NASDAQ:HOOD), Advanced Micro Devices Inc. (NASDAQ:AMD), and Taiwan Semiconductor Manufacturing Co., Ltd (NYSE:TSM). These trades highlight Ark's strategic positioning in the market amidst evolving industry dynamics. The Circle Internet Trade Ark Invest executed a notable sell-off of Circle Internet shares across multiple ETFs, including Ark Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF (BATS:ARKK), and the ARK Next Generation Internet ETF (BATS:ARKW). The sale amounted to a total of 415,844 shares. Circle shares surged more than 9% on Monday, closing at $263.45. At that price, the value of Ark's trade totaled $109.55 million. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — This move comes as Circle's stock reached new heights following its announcement of a partnership with Fiserv to develop stablecoin-enabled solutions for financial institutions. The collaboration aims to enhance the adoption of stablecoins within the Fiserv ecosystem. The Robinhood Trade Ark Invest's ARKK fund acquired 319,640 shares of Robinhood Markets Inc. Robinhood stock closed at $76.35 on Monday, valuing the transaction at $24.4 million. This purchase follows a recent trend where a Robinhood director sold millions in shares, yet the stock continues to show potential for gains. As of June 2025, director Baiju Bhatt sold up to $31 million worth of stock, according to an earlier report. It should be noted, however, that another director, Christopher Payne, purchased nearly $2 million worth of stock in the same period. The AMD Trade Ark Invest made a sizable move on AMD, with its ARKF, ARKK, and ARKW funds collectively picking up 130,256 shares. AMD closed at $129.58 on Monday, putting the total value of the trades at $16.9 million. This decision aligns with recent positive analyst forecasts, which predict a potential rally of over 36% for AMD. The stock's recent surge is attributed to rumors of a significant 'GPU win' with Amazon Web Services and a favorable analyst rating update from Piper TSMC Trade Ark's ARKK and ARKW funds acquired a total of 65,102 shares of TSMC. This move follows a series of analyst upgrades for TSM, driven by its strategic positioning in the semiconductor industry. With TSMC closing at $210.32 on Monday, the trades were worth approximately $13.7 million. Analysts have been boosting their ratings, recognizing TSM's critical role in the global tech supply chain, as reported by Benzinga. Other Key Trades: ARKW and ARKF added 4,198 shares of Coinbase Global Inc (COIN). The transaction in the platforms that allows for trading in cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) was valued at $1.3 million. ARKF, ARKW and ARKK together purchased 112,658 shares of Shopify Inc. (SHOP). Read Next: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo Courtesy: ChrisStock82 on This article Cathie Wood's Ark Invest Cashes Out $109 Million Out Of Circle Internet Stock As Shares Spike, Pivots Into Robinhood And These Chip Stocks originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Business Insider
5 days ago
- Business
- Business Insider
Circle Internet Stock (CRCL) Could Face Pressure. Risk Factors to Watch
Circle Internet (CRCL) stock declined about 11% on Wednesday after plunging 15.5% the previous day. The decline came as some analysts flagged the stock's lofty valuation and the Bank for International Settlements (BIS) highlighted some risks related to stablecoins. Notably, Circle Internet, an issuer of the USDC stablecoin, has seen its stock rally by 541% to $198.62 from its initial public offering (IPO) price of $31. Confident Investing Starts Here: The passage of the proposed stablecoin legislation, the GENIUS Act, by the Senate helped fuel investor optimism about the crypto stock. Let's look at the risks that have been recently highlighted. CRCL Stock Faces These Risks While the BIS report spoke positively about tokenization and the digitalization of money, it highlighted some shortcomings of stablecoins. BIS thinks that stablecoins 'fall short of requirements to be the mainstay of the monetary system when set against the three key tests of singleness, elasticity, and integrity.' It added that without adequate regulation, stablecoins could present risks to financial stability and monetary sovereignty. BIS also believes that these tokens cannot assure one-to-one parity with central bank money. They may also struggle due to liquidity issues and the lack of ability to prevent financial crimes. These risks, discussed by BIS, could weigh on investor sentiment. Additionally, experts have noted Circle Internet's high dependence on interest income, which could fall if interest rates are lowered. Further, the company owes 50% of its revenue from interest earnings on USDC reserves to crypto exchange Coinbase Global (COIN). Meanwhile, Wall Street analysts acknowledge Circle Internet's position as a dominant issuer of regulated stablecoins, which is well-positioned to benefit from increased adoption of stablecoins amid a favorable regulatory framework. However, they are concerned about CRCL stock's steep valuation. For instance, Compass Point analyst Ed Engel, who recently initiated coverage of Circle stock with a Hold rating and a price target of $205, argues that it is tough to justify a higher valuation, as optimistic long-term assumptions are already priced into the stock. Analysts have also noted the threat of rising competition from banks and fintechs, especially after there is more clarity on the regulatory front. Is CRCL Stock a Buy, Sell, or Hold? Overall, Wall Street is cautiously optimistic on Circle Internet Group stock, with a Moderate Buy consensus rating based on two Holds and one Buy rating. The average CRCL stock price target of $213.33 indicates 7.4% upside potential from current levels.
Yahoo
5 days ago
- Business
- Yahoo
Triple-Digit IPOs Are Back--Wall Street's New Gold Rush Starts Now
Wall Street is warming up to IPOs againand fast. Circle Internet (NYSE:CRCL) and CoreWeave (NASDAQ:CRWV), two of the biggest listings this year, have exploded out of the gate with triple-digit gains, pushing the average return for 2025 U.S. IPOs to around 53%, according to Bloomberg. That kind of upside, especially in a market where the S&P 500 has been on shaky ground, is making investors sit up. We've been positively surprised by how markets have shrugged off Trump tariff noise, said JPMorgan's Keith Canton. If that resilience holds, several $1 billionplus names could be lining up after Labor Day. But the headline numbers don't tell the whole story. Yes, IPOs have raised $29.1 billion so far this yearup 45% from the same stretch in 2024but that jump is skewed by a flood of SPAC deals, which are up over 400%. Excluding those and micro-listings, traditional IPO volume is still thin: only 33 companies have priced so far, down from 41 last year. April was particularly slow. Still, standout listings like Circle's are helping revive the IPO's core appeal: fast price pops and big money-making potential. Fintech and crypto are leading the charge again, and investors are eyeing software and biotech as possible next-in-line. One thing that could finally crack the IPO logjam? A shift in structure. Recent deals have featured more secondary sharesexisting investors selling stockhelping reduce dilution in a still-sensitive valuation environment. Since mid-May, we have seen greater secondary participation, said Bank of America's Jim Cooney, even as IPO discounts remain wide. Add in a still-hawkish Fed, geopolitics, and tax worries, and it's no slam dunk. But if sentiment holds and a few more winners hit the tape, the back half of 2025 could look a lot busierand a lot more lucrativefor investors hunting upside. This article first appeared on GuruFocus.
