Investors Purchase Large Volume of Call Options on Webull (NASDAQ:BULL)

Webull Corporation (NASDAQ:BULL) saw some unusual options trading activity on Wednesday. Traders acquired 156,522 call options on the company. Thisisanincreaseof47% compared to the typical volume of 106,429 call options.

Institutional Trading of Webull

A hedge fund recently bought a new stake in Webull stock. Caitong International Asset Management Co. Ltd acquired a new stake in Webull Corporation (NASDAQ:BULL) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 36,715 shares of the company’s stock, valued at approximately $439,000. Institutional investors and hedge funds own 92.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Webull from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th.

Webull Price Performance

NASDAQ BULL opened at $15.41 on Thursday. The firm has a market capitalization of $7.11 billion, a P/E ratio of 96.32 and a beta of -0.17. Webull has a 1-year low of $9.54 and a 1-year high of $79.56. The stock has a fifty day moving average of $12.75.

Webull (NASDAQ:BULL) last announced its quarterly earnings data on Thursday, May 22nd. The company reported ($0.06) EPS for the quarter. The firm had revenue of $117.37 million for the quarter.

About Webull

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.