Shares of Webull Corp (NASDAQ:BULL) soared on Wednesday on exceptionally high trading volume. The stock saw more than 25 million shares change hands, significantly outpacing its 100-day average volume of approximately 9.9 million shares. Here’s what investors need to know.
What To Know: Wednesday’s surge appears to be in sympathy with a broader rally in the retail brokerage and crypto sectors. Peer capital markets company Robinhood Markets Inc (NASDAQ:HOOD) reached a new all-time high Wednesday.
Robinhood stock has surged in recent sessions amid announcements of an aggressive expansion into cryptocurrency services in Europe and a bullish price target upgrade to $110 from KeyBanc Capital Markets. Analysts cited Robinhood’s “first-rate innovation” and international growth potential as key drivers for the positive outlook.
Further fueling the momentum is the robust performance of the cryptocurrency market. The success of spot Bitcoin and Ethereum ETFs, which have attracted billions in inflows, has boosted investor sentiment. …