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breaking: 🚨 Circle stock nosedives 70% post-IPO, insiders sweating bullets 📉 will CRCL bounce back or face
circle (CRCL) facing turbulent times post-Nasdaq debut: sharp 70% drop signals potential lock-up expiration challenges, but Q3 revenue
After its Nasdaq debut, Circle (CRCL), the stablecoin USDC issuer, faced a sharp decline in share value, dropping from $298 to around $82 in just 18 days. 📉 Challenges loom as the lock-up period nears expiration, limiting insider share sales post-IPO. Analysts predict potential performance dips post-lock-up, especially for companies with lower-than-expected revenues. Despite this, Circle surpassed Q3 revenue and earnings estimates, prompting a stock upgrade by JP Morgan from underweight to overweight. 📊
Circle stock falls nearly 70% after stock market debut, analysts issue warnings
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