Moderately bullish activity in Circle Internet Group Inc (CRCL), with shares up $1.35, or 1.22%, near $112.38. Options volume relatively light with 34k contracts traded and calls leading puts for a put/call ratio of 0.39, compared to a typical level near 0.47. Implied volatility (IV30) is higher by 0.1 points near 86.71,and above the 52wk median, suggesting an expected daily move of $6.14. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at H.C. Wainwright.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CRCL:
- Crypto Currents: Senator Warren challenges OCC’s crypto trust charter spree
- Circle Internet price target raised to $106 from $80 at Morgan Stanley
- Circle Shareholders Reaffirm Leadership and Annual Say-on-Pay
- Zscaler upgraded, CoreWeave downgraded: Wall Street’s top analyst calls
- Circle Internet upgraded to Buy from Neutral at H.C. Wainwright