Webull Target of Unusually Large Options Trading (NASDAQ:BULL)

Key Points

• Webull Corporation experienced a significant spike in options trading with 261,586 call options acquired, reflecting a 65% increase over the usual volume.
• The company's shares declined by 1.9% on Thursday, trading at $12.42, with a substantial increase in trading volume, reaching over 50 million shares exchanged.
• Recent analyst ratings show a median target price of $18.50 for Webull, with varying ratings from "Strong Buy" to "Sell" among major brokerages.

Webull Corporation (NASDAQ:BULL - Get Free Report) saw unusually large options trading activity on Thursday. Traders acquired 261,586 call options on the stock. This is an increase of approximately 65% compared to the typical volume of 158,927 call options.

Webull Trading Down 1.9%

Shares of BULL stock traded down $0.24 during trading hours on Thursday, reaching $12.42. 50,547,220 shares of the company's stock were exchanged, compared to its average volume of 14,864,937. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $6.14 billion, a PE ratio of -11.09 and a beta of -0.15. The firm has a fifty day moving average price of $14.18. Webull has a 1 year low of $9.54 and a 1 year high of $79.56.

Hedge Funds Weigh In On Webull

Several large investors have recently added to or reduced their stakes in BULL. Sequoia Financial Advisors LLC bought a new stake in shares of Webull in the second quarter worth $120,000. Caitong International Asset Management Co. Ltd bought a new stake in Webull during the 2nd quarter valued at about $439,000. Marathon Trading Investment Management LLC acquired a new stake in Webull during the 2nd quarter valued at approximately $598,000. Geode Capital Management LLC purchased a new stake in shares of Webull during the second quarter worth $3,810,000. Finally, Warberg Asset Management LLC acquired a new stake in shares of Webull during the second quarter worth about $359,000. Institutional investors and hedge funds own 92.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BULL. Rosenblatt Securities initiated coverage on shares of Webull in a report on Thursday, September 25th. They set a "buy" rating and a $19.00 price objective on the stock. Northland Securities started coverage on shares of Webull in a research report on Thursday, September 4th. They set an "outperform" rating and a $18.00 price objective for the company. Zacks Research raised shares of Webull to a "hold" rating in a research note on Friday, September 5th. Northland Capmk raised shares of Webull to a "strong-buy" rating in a research note on Thursday, September 4th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Webull in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.50.

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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