Circle shares jump a record 35% on earnings beat

Circle shares rose 35.47% to $83.14 on February 25, the largest single-day gain on record for the stock, after fourth-quarter results beat expectations. The company reported adjusted EPS of $0.43 with revenue of $770 million, and CoinDesk described the move as a record gain. Short covering was cited as a major driver of the rally that followed in the sessions after results.

• Shares rose 35.47% to $83.14 on February 25
• Reported EPS of $0.43 and revenue of $770 million
• CoinDesk attributed much of the follow-through rally to a short squeeze