CRCL is trading at 5.32% down now at $122.94 after Wells Fargo initiated coverage with an Overweight rating and set a $160 price target on October 22, 2025. While the analyst action is positive, the stock is sharply lower, likely due to broader market weakness, as major indices are also down over 1% today. Trading volume is elevated, reflecting active investor response to the new analyst coverage and ongoing volatility in the fintech and crypto sector. No company-specific negative news has emerged, but the price action suggests CRCL is moving in sympathy with the market selloff despite the bullish analyst report.