antiti
06-18

Cathie Wood’s Ark Invest has once again offloaded shares of $Circle Internet Corp.(CRCL)$ , selling $44.76 million worth of stock on Tuesday. This comes just one day after Ark had already sold $51.7 million in Circle shares.

According to Ark Invest’s latest filing, the sales were made across three of its exchange-traded funds (ETFs):

Follow wood?

Downgrades Circle: Pullback to $180 Again After the Party?
Circle is down 7% after investment firm Compass Point Research downgraded its rating from "Neutral" to "Sell." Analysts noted that if the Federal Reserve cuts interest rates, Circle’s earnings are expected to decline, which could impact its future profitability. --------- After the party, comeback of pullback again? Do you agree with Compass Point Research's downgrade of Circle? Why or why not? How might a potential Fed rate cut impact other fintech or crypto-related companies besides Circle?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
5