Circle Internet (CRCL) Soars 10% on Bargain-Hunting After Hitting Low

We recently published 10 Stocks Racking Up Big Gains. Circle Internet Group (NYSE:CRCL) is one of the top performers of last week.

Circle Internet extended gains for a second day on Friday, jumping 10.04 percent to close at $79.93 apiece, as investors resorted to bargain-hunting to take advantage of its cheap valuation.

The rally followed the stock’s significant 37 percent drop in just one month from $126.98 on October 31.

Notably, November saw Circle Internet Group’s (NYSE:CRCL) share price trade back below its initial public offering price (IPO) of $69, having hit its lowest intra-day price of $64.92 on November 20 before finishing the session at $66.93. The last time the company traded below its IPO price was on June 5, 2025—its market debut—when it hit an intra-day low of $64.

Circle Internet Group (NYSE:CRCL) is a global financial technology firm that created the USDC and EURC stablecoins.

In the third quarter of the year, the company grew its net income by 202 percent to $214.38 million from only $70.996 million in the same period last year.

Total revenues and reserve income jumped by 66 percent to $739.76 million from $445.76 million year-on-year, on the back of a 97 percent growth in USDC circulation, alongside strong revenues from subscription and services, as well as transactions.

While we acknowledge the potential of CRCL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.