Stock Traders Buy Large Volume of Webull Call Options (NASDAQ:BULL)

Key Points

• Webull Corporation experienced unusually high activity in the options market, with traders buying 156,522 call options, an increase of approximately 47% from its typical volume.
• Institutional ownership stands at 92.48%, with Sequoia Financial Advisors LLC recently acquiring 10,000 shares valued at around $120,000.
• As of Wednesday, Webull's stock rose by 3.8%, trading at $15.41, with a significant trading volume of over 16 million shares.

Webull Corporation (NASDAQ:BULL - Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors purchased 156,522 call options on the company. Thisisanincreaseof47% compared to the average daily volume of 106,429 call options.

Hedge Funds Weigh In On Webull

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC purchased a new stake in shares of Webull during the second quarter valued at $3,810,000. Marathon Trading Investment Management LLC purchased a new stake in shares of Webull during the second quarter valued at $598,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Webull during the second quarter valued at $439,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Webull during the second quarter valued at $120,000. 92.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Webull from a "hold" rating to a "sell" rating in a report on Saturday, June 14th.

Webull Price Performance

Shares of BULL stock traded down $0.32 on Friday, reaching $15.00. The company's stock had a trading volume of 9,000,251 shares, compared to its average volume of 18,452,220. The stock's fifty day simple moving average is $12.88. Webull has a 1 year low of $9.54 and a 1 year high of $79.56. The stock has a market capitalization of $6.92 billion, a P/E ratio of 93.76 and a beta of -0.17.

Webull (NASDAQ:BULL - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $117.37 million for the quarter.

Webull Company Profile

Webull Corp. engages in the provision of financial services. It offers trading, wealth management product distribution, market data and information, user community, and investor education. The company was founded by An Quan Wang in 2016 and is headquartered in St. Petersburg, FL.