What's Wrong With Circle Internet Group Stock?
Circle Internet Group (NYSE: CRCL) went public earlier this year, and in the crypto world, it was one of the hottest new offerings. It soared out of the gate and for a while looked like it might be the next hot stock to own. It went public on June 5 and would finish the day at more than $83. By June 23, it would hit its 52-week high of $298.99.
But for multiple months, its shares have been in a tailspin. Since July, the stock has fallen 63%. It finished last week at a price of just over $71, down more than 76% from its high. What is wrong with the stock, and could this be an opportune time for crypto investors to buy shares of Circle Internet Group?
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Source Fool.com
