Breaking: Someone look into Webull
Webull's President and CFO both sold up to $1M of $Webull(BULL.US) month before Congress flags China ties$Webull(BULL.US) lost 19% that day • President sold $516K on Sept 8 at $9.58• CFO sold $494K 6 days later at $8.98• House China committee released its report on Oct 7• $Webull(BULL.US) now trades at $6.12
GraniteShares 2x Long BULL Daily ETF
BULX----
GraniteShares 2x Long BULL Daily ETF (BULX)
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News
- Weekly Review ·
Weekly Recap | Webull -6.92%, most brokers rate it buy
- Weekly Review ·
Weekly Recap | Webull -3.8%, consensus target more than 80% above spot
- Weekly Review ·
Weekly Recap | Webull -14.03%, consensus target above spot
- Weekly Review ·
Weekly Recap | Webull +2.09%, most brokers rate it buy
- Weekly Review ·
Weekly Recap | Webull -12.85%, consensus target above spot
- Weekly Review ·
Weekly Recap | Webull -10.52%, insider selling weighs on turnover
Posts
View moreBullish vs. Bearish — Last 3 Months
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▲Bullish50%
50%Bearish▼
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$Webull(BULL.US)
Context: Webull is being scrutinized by US regulators for it's link to Chinese government. Out of sudden, the US regulator raised the red flag claiming Webull is under the influence of Chinese Communist Party but they did not offered any evidence. Webull claimed that they are not even contacted to defend itself and this claim is unfair to them. Futu, another popular Chinese online which is also listed in Nasdap was fined US$271 million by Chinese regulators but this was totally a different matter, Futu was caught for allowing mainland China to trade overseas stock when they are not allowed to.
My trade: sell Webull. Webull shares fell 17% when this news was announced on Oct 7th.
Takeway: Webull and Futu are profitable fintech companies with creative financial service offerings but the claim by US regulators will drag its share price, stay away until a clearer picture emerges on their ties to CCP.$NVIDIA(NVDA.US)$Intel(INTC.US)$Netflix(NFLX.US)
Trade Showcase: Trade, Show & Earn Rewards! - H
$Webull(BULL.US) | Rosenblatt 𝗿𝗮𝗶𝘀𝗲𝘀 PT to $𝟭𝟱 from $𝟭𝟯 and 𝗺𝗮𝗶𝗻𝘁𝗮𝗶𝗻𝘀 𝗕𝘂𝘆 on 𝗪𝗲𝗯𝘂𝗹𝗹
