Ark Invest CEO Cathie Wood pointed to short-term market inefficiency around Circle Internet Group Inc. (NYSE:CRCL) on Sunday, despite the stock gaining significantly since its IPO.
Circle shares underperform over the past year
Wood quoted a post by analyst Alex Obchakevich comparing the one-year performances of Visa Inc. (NYSE:V), Mastercard Inc. (NYSE:MA) and Circle.
Visa was up 5% over the year, Mastercard roughly flat to slightly down, and Circle sharply down for much of the period.
‘Short-Term Inefficiencies’
