Cathie Wood Just Bought Another $14 Million Worth of Circle Stock. This Is the Best Reason to Buy CRCL Now
Ark Invest added to the existing positions in three of the firm's ETFs.
Overview
For a company that prides itself on the stablecoin it developed and manages, Circle Internet Group's (NYSE: CRCL) stock has been anything but stable lately. The recent slump in the shares has clearly appealed to the contrarian instincts of top institutional investor Cathie Wood and her Ark Invest team, as they loaded up on Circle shares last week.
These buys totaled $14 million, a considerable sum. Let's take a closer look at this and identify one very attractive quality about Circle stock that's sustaining its bulls.
ARK Investment Management CEO Cathie Wood. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.