Stock Traders Purchase 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 unusually large options trading on Wednesday. Stock investors purchased 156,522 call options on the company. Thisrepresentsanincreaseofapproximately47% compared to the typical volume of 106,429 call options.

Institutional Investors Weigh In On Webull

An institutional investor recently bought a new position in Webull stock. Sequoia Financial Advisors LLC acquired a new position in Webull Corporation (NASDAQ:BULL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 10,000 shares of the company's stock, valued at approximately $120,000. Institutional investors and hedge funds own 92.48% of the company's stock.

Webull Trading Up 3.8%

NASDAQ BULL traded up $0.57 during trading hours on Wednesday, hitting $15.41. The company had a trading volume of 16,750,595 shares, compared to its average volume of 12,665,216. Webull has a fifty-two week low of $9.54 and a fifty-two week high of $79.56. The business has a fifty day moving average of $12.71. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 96.32 and a beta of -0.17.

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

Analyst Upgrades and Downgrades

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

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.

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