Shares of Webull Corp. (NASDAQ:BULL) are trading higher Thursday afternoon as strong second-quarter earnings momentum continues to fuel investor demand.
- Webull stock is among today’s top performers. What’s driving BULL stock higher?
Upward EPS Revisions and Regulatory Tailwinds Drive Rally
Market sentiment continues to build on Webull’s second-quarter earnings report released last week, where the company posted revenue of $198.8 million (up 51% year-over-year) and adjusted operating profit of $62.6 million (up 169%).
The surge was partially propelled by record trading volumes following the June 4 elimination of FINRA’s Pattern Day Trader rule, which removed the $25,000 equity minimum for margin day trading, a move that directly unlocked active trading for Webull’s core user base.
During the earnings call, Webull President and CEO Anthony Denier called the rule change the "defining event for the quarter," noting that "removal of PDT is the standard going forward… volumes will not revert to pre-PDT levels."
Meanwhile, Form 4 SEC filings published on Aug. 25 confirmed that Denier sold 53,848 shares under a pre-established Rule 10b5-1 trading plan, with the stock quickly absorbing the routine insider transaction during Thursday trading.
Management Commentary Highlights Global Scale and Tech Expansion
During Webull’s second-quarter earnings call, Denier emphasized how international market expansion and platform upgrades continue to broaden the company’s addressable user base beyond the U.S.:
"Our record second-quarter performance reflects the strength of our global platform and continuous product execution… As regulatory shifts lower barriers for active retail traders, Webull remains uniquely positioned to capture market share through advanced execution tools, expanded asset classes and localized international offerings."
BULL Shares Climb Thursday
BULL Price Action: Webull shares were up 9.45% at $9.60 at the time of publication on Thursday, according to Benzinga Pro data.
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