Webull (NASDAQ:BULL) Shares Gap Up – Here’s What Happened

Shares of Webull Corporation (NASDAQ:BULL) gapped up before the market opened on Wednesday . The stock had previously closed at $8.70, but opened at $9.35. Webull shares last traded at $9.16, with a volume of 7,301,680 shares traded.

Wall Street Analyst Weigh In

BULL has been the subject of several recent analyst reports. Zacks Research upgraded shares of Webull to a “hold” rating in a report on Friday, September 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Webull in a report on Monday. Northland Securities began coverage on Webull in a research report on Thursday, September 4th. They set an “outperform” rating and a $18.00 price target on the stock. Northland Capmk raised Webull to a “strong-buy” rating in a research note on Thursday, September 4th. Finally, Rosenblatt Securities cut their price objective on Webull from $19.00 to $15.00 and set a “buy” rating for the company in a report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $16.50.

Webull Trading Up 5.3%

The company has a market cap of $4.53 billion, a PE ratio of -8.18 and a beta of -0.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.40 and a current ratio of 1.40. The company has a 50 day simple moving average of $11.41 and a two-hundred day simple moving average of $12.61.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Legal & General Group Plc acquired a new position in Webull during the third quarter worth $26,000. Osaic Holdings Inc. bought a new stake in shares of Webull during the 2nd quarter worth about $30,000. Jones Financial Companies Lllp increased its holdings in shares of Webull by 860.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,959 shares of the company’s stock valued at $45,000 after acquiring an additional 2,651 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Webull in the 2nd quarter valued at approximately $69,000. Finally, Quantbot Technologies LP bought a new position in shares of Webull in the 2nd quarter valued at approximately $71,000. Institutional investors and hedge funds own 92.48% of the company’s stock.

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.