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.
