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

Key Points

• Webull Corporation experienced a significant increase in call options trading, with traders acquiring 192,577 call options, up about 45% from the usual volume.
• Several analysts have recently upgraded Webull, resulting in a consensus rating of "Buy" and an average price target of $18.00.
• The company's stock is currently trading at $14.00 with a market capitalization of $6.92 billion, while approximately 92.48% of the shares are owned by institutional investors.

Webull Corporation (NASDAQ:BULL - Get Free Report) saw some unusual options trading activity on Tuesday. Stock traders acquired 192,577 call options on the stock. This represents an increase of approximately 45% compared to the typical volume of 132,522 call options.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Northland Capmk upgraded shares of Webull to a "strong-buy" rating in a research note on Thursday, September 4th. Northland Securities assumed coverage on shares of Webull in a research note on Thursday, September 4th. They issued an "outperform" rating and a $18.00 target price for the company. Zacks Research upgraded shares of Webull to a "hold" rating in a research note on Friday, September 5th. Finally, Wall Street Zen raised shares of Webull from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Webull currently has a consensus rating of "Buy" and an average price target of $18.00.

Webull Trading Down 0.7%

Shares of Webull stock traded down $0.10 on Tuesday, reaching $14.00. The stock had a trading volume of 20,423,574 shares, compared to its average volume of 12,180,458. The stock's 50 day moving average price is $14.40. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.13. 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 -12.50 and a beta of -0.17.

Institutional Trading of Webull

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new position in shares of Webull in the second quarter worth $69,000. Osaic Holdings Inc. bought a new position in Webull in the 2nd quarter worth about $30,000. Marex Group plc purchased a new stake in shares of Webull in the 2nd quarter valued at about $673,000. HSG Holding Ltd bought a new stake in shares of Webull during the 2nd quarter valued at about $113,109,000. Finally, General Atlantic L.P. bought a new stake in shares of Webull during the 2nd quarter valued at about $85,491,000. 92.48% of the stock is currently owned by hedge funds and other institutional investors.

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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