Stock Track | Circle Internet Soars 5.05% in Pre-Market as ARK Invest Buys $16M Worth of Shares

Stock Track03-25 18:46

Circle Internet Corp. (CRCL) experienced a significant pre-market surge, with its stock price soaring 5.05% during the early trading session.

The sharp upward movement follows a substantial selloff in the previous session and appears to be driven by major institutional buying. Cathie Wood's ARK Investment Management purchased approximately $16 million worth of Circle Internet shares, acquiring 161,500 shares across its ETFs.

This buying activity comes after Clear Street analysts suggested the previous day's selloff was "overdone," creating a favorable entry point for investors. The combined effect of institutional accumulation and positive analyst sentiment is fueling the stock's recovery in pre-market trading.

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