Large Investors Take Bearish Stance on Circle as Unusual Options Activity Is Detected

Deep-pocketed investors took a notably bearish position on Circle Internet Group (CRCL), according to an analysis of public options data. Analysts detected 16 unusual options activities. Bearish activity accounted for 62%; bullish activity was 31%. Nine put options totaled $414,890. Seven call options amounted to $699,758.

This heightened bearish sentiment follows recent analyst actions. Morgan Stanley downgraded the stock to "Equal-Weight" with a $66 price target. Goldman Sachs maintained its "Neutral" rating and set an $88 price target. Mizuho upgraded its rating to "Neutral," setting a $77 target. The stock traded down on the day.