Core Insights - Circle's stock is trading at its lowest levels since its June debut, despite reporting better-than-expected adjusted third-quarter earnings of 64 cents per share on $740 million in revenue, surpassing analyst forecasts [1][2] - The decline in stock price is attributed to the company's updated full-year guidance indicating higher costs and concerns over lower reserve returns in a rapidly changing interest rate environment [1] - Circle holds a 29% share of the Stablecoin market, ranking second only to Tether, indicating steady growth in Stablecoin adoption [2] Stock Performance - Circle's stock is down 9.3%, trading at $89.13, contributing to a 40% decline over the past three months, marking its lowest point since the June debut [2] - The stock is significantly below its June 23 record high of $298.99 and is on track for three consecutive weekly losses [3] - The 14-Day Relative Strength Index (RSI) for Circle's stock has dropped to 28, indicating it is deep in "oversold" territory [3]
Circle Stock Slides Despite Upbeat Earnings