Movement Alert｜Webull Corp Rises 7.12% in Regular Trading, Q2 Earnings Double Beat Continues to Drive Momentum

Market Focus08-28 01:33

On August 28, Webull Corp rose 7.12% in regular trading, trading at $9.41 per share, with turnover of $127 million.

The rally reflects continued market enthusiasm following the company's second-quarter financial results, which delivered a double beat. Non-GAAP earnings per share came in at $0.12, significantly exceeding the consensus estimate of $0.05, while revenue reached $198.8 million, up 51.2% year-over-year and above analysts' expectations of $183 million. Meanwhile, Rosenblatt has maintained a Buy rating with a $15 price target, implying substantial upside from current levels.

Additionally, multiple positive catalysts are providing support, including the company's expansion of AI-driven investment tools with connectors for ChatGPT, Claude, and Grok, a proposed acquisition of Pi Securities in Thailand valued at approximately $100 million, and a $100 million share buyback program approved earlier this year. Within the Investment Banking & Brokerage sector, Robinhood rose 2.02%, while Interactive Brokers fell 0.36%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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