Circle shares (CRCL) opened strongly and more than tripled within the first 30 minutes of trading, triggering multiple volatility halts and briefly lifting the company’s market cap above $70 billion
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In less than an hour, CRCL has already been halted three times. Each time it was a LULD, or Limit Up-Limit Down pause
Circle’s (CRCL) shares more than tripled minutes into their New York Stock Exchange debut on June 5, touching $103.75 less than 30 minutes following its launch and resulting in several volatility halts.
Shares of Circle (CRCL) began trading on the New York Stock Exchange (NYSE) on Thursday, opening at $69 a share in early trading. The stock at one point surged to as much as $100, more than 200% above the $31 price it had set the night before.
The $103.75 price briefly made CRCL’s market cap surpass $70 billion.
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