Circle Internet (CRCL) Soars 10% on Bargain-Hunting After Hitting Low

We recently published 10 Stocks Racking Up Big Gains. Circle Internet Group (NYSE:CRCL) is one of the top performers of last week.

Circle Internet extended gains for a second day on Friday, jumping 10.04 percent to close at $79.93 apiece, as investors resorted to bargain-hunting to take advantage of its cheap valuation.

The rally followed the stock’s significant 37 percent drop in just one month from $126.98 on October 31.

Notably, November saw Circle Internet Group’s (NYSE:CRCL) share price trade back below its initial public offering price (IPO) of $69, having hit its lowest intra-day price of $64.92 on November 20 before finishing the session at $66.93. The last time the company traded below its IPO price was on June 5, 2025—its market debut—when it hit an intra-day low of $64.

Circle Internet Group (NYSE:CRCL) is a global financial technology firm that created the USDC and EURC stablecoins.

In the third quarter of the year, the company grew its net income by 202 percent to $214.38 million from only $70.996 million in the same period last year.

Total revenues and reserve income jumped by 66 percent to $739.76 million from $445.76 million year-on-year, on the back of a 97 percent growth in USDC circulation, alongside strong revenues from subscription and services, as well as transactions.

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