U.S. stock market anomaly | Circle (CRCL.US) falls by 8% due to directors' continuous reduction of 291,000 shares of common stock.
According to the financial news app, Zhitong Finance, on Wednesday, Circle (CRCL.US) fell by 8% to $70.41. It is reported that since the end of October, the company's stock price has been falling continuously, and the downturn is difficult to reverse. In terms of news, according to documents disclosed by the U.S. Securities and Exchange Commission (SEC) on November 17, Circle (CRCL.US) director Date Rajeev V sold 291,000 shares of common stock at an average price of $84.23 per share on November 13 and 14, with a total value of approximately $24.5095 million.
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