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Why Circle Stock Jumped 31% in February

TheMotleyFool

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Shares of Circle Internet Group (NYSE: CRCL), which makes the stablecoin USDC, jumped last month on a strong fourth-quarter earnings report.

The stock was actually in the red most of the month, trending with a slide in Bitcoin and weakness in software stocks on fears of AI disruption, but the earnings report impressed investors as the company finished up 31%, according to data from S&P Global Market Intelligence.

As you can see from the chart below, nearly all the company's gains came at the end of the month, after the earnings report came out.

Source Fool.com

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