Zacks Research downgraded Circle Internet Group (NYSE: CRCL) from hold to strong sell in a research note issued Wednesday. This rating indicates a firm expectation that the stock will underperform the broader market in the near term. The report did not disclose specific drivers for the downgrade.
Institutional ownership data released the same day revealed significant fourth-quarter activity. IDG Accel China Capital established a new multi-million dollar position in the company. Accel XI Associates also initiated a new multi-million dollar stake. The Vanguard Group increased its existing holding in the firm.