Circle Internet (CRCL) Jumps 13%, Hits New All-Time High Anew

Circle Internet Group (NYSE:CRCL) is one of the 10 Stocks Post Jaw-Dropping Gains.

Circle Internet rallied to a new record high on Monday, jumping 13.10 percent to close at $151.06 apiece as investors took path from optimistic comments from a market expert.

At intraday trading, Circle Internet Group (NYSE:CRCL) hit as high as $165.6 before paring gains to end the day at $151.06 apiece.

In the latest episode of Mad Money, host and former fund manager Jim Cramer said that investors love Circle Internet Group (NYSE:CRCL) due to it being a pure play in digital assets.

“Speaking of the financials, Circle’s numbers—they are pretty impressive. In the first quarter of the year, they posted 59 percent revenue growth, 75 percent net income growth. So, at the end of the day, where do I come down on Circle? This is actually a pretty darn good business. USDC’s popular,” he said, adding that it is “a solid company.”

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Circle Internet Group (NYSE:CRCL) was able to raise $1.1 billion in fresh funds from an upsized initial public offering two weeks ago. Since its market debut, the company already registered a whopping 434-percent gain.

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READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.