Circle Internet Group Drops, Opendoor Technologies Surges, Philip Morris Falls
On this episode of Stock Movers:
Circle Internet Group (CRCL) shares drop after the stablecoin issuer was downgraded to sell from neutral at Compass Point Research & Trading LLC, as it sees more competition for Circle now that the US stablecoin bill has passed.
Opendoor Technologies (OPEN) shares surge. It extended its rally from last week, as investors continued to pile into the stock that has found a sudden fandom among retail traders and social-media platforms.
Philip Morris (PM) shares fell after Zyn nicotine pouches shipments accelerated by less than analysts had expected. Citi analyst Simon Hales said "Underlying Zyn consumer off-take trends remain strong" but the volume miss is likely to weigh on the shares.
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