Webull Fires Back: House Report Contains 'Significant Inaccuracies'
BULL sits 31% above its 52-week low of $4.5 on elevated volume (3.5× avg).
Summary
Webull's spokesperson publicly disputed the House Select Committee's security-risk report, calling it 'disappointing' and claiming it contains 'significant inaccuracies.' The company says it cooperated with the committee but received no contact for over 20 months before the report's release. This rebuttal follows the Dow Jones report earlier today that sent shares down 21%. The company's pushback adds a new dimension to the story, but the core risk—the committee's labeling of Webull as a security threat—remains unchanged. Traders will weigh whether the rebuttal can stem the selloff or if the regulatory overhang persists.
At the time of this announcement, BULL was trading at $5.88 on NASDAQ in the Finance sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $4.50 to $13.64. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.