Circle (CRCL) stock is on a red-hot run into the summer months.
The stablecoin issuer’s stock is up 38% to $135 in May, helped by a 16% pop on Monday following mixed earnings. The stock also got a jolt yesterday from a surprise $222 million token presale of ARC to investors led by BlackRock, a16z, Apollo, and others. (Disclosure: Yahoo is a portfolio company of funds managed by affiliates of Apollo Global Management.)
Link: https://finance.yahoo.com/markets/article/why-circle-stock-has-gone-parabolic-in-may-131438484.html