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

Webull Corporation (NASDAQ:BULL) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 117,408 call options on the stock. This represents an increase of approximately 44% compared to the typical daily volume of 81,741 call options.

Wall Street Analysts Forecast Growth

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

Webull Price Performance

Shares of Webull stock traded up $0.67 during trading hours on Tuesday, hitting $12.63. 19,512,618 shares of the company’s stock traded hands, compared to its average volume of 9,954,085. The stock has a market capitalization of $5.83 billion, a PE ratio of 78.94 and a beta of -0.20. Webull has a 12-month low of $9.54 and a 12-month high of $79.56. The stock’s fifty day moving average is $12.57.

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