Webull Corp (BULL)

Webull (BULL) shares closed up 3.25% at $6.03 on volume of 9.3 million, trading between $5.82 and $6.22. The gains came as the company announced plans to launch perpetual futures next month, with the contracts set to trade on KalshiEX and clear through Kalshi Klear, with a wider rollout expected before year-end. This product expansion was reported as bullish with medium impact. Partly offsetting the positive news, a U.S. congressional committee on China challenged Webull's statements and raised concerns about Beijing-linked access to brokerage user information and possible compliance breaches, a bearish medium-impact development. Overall, the product-launch news appears to have outweighed the compliance concerns, pushing the stock higher.

Webull shares closed up 1.45% at $6.31 after the company publicly refuted the House Select Committee's report, stating that access to sensitive U.S. customer information is controlled by U.S.-based supervisors and that no person in China has authority or system access to move customer funds. The stock also received a boost from Scotiabank, which upgraded Webull to Sector Outperform while maintaining a $9 price target. Additionally, Rosenblatt maintained its Buy rating but lowered its price target to $12. The company also announced it will engage with the White House Committee, SEC, and FINRA to enhance its U.S. financial regulatory frameworks. The upgrade and refutation of the committee's report signal a bullish direction for the stock.

Webull (BULL) shares closed at $5.89, up 1.12% on the day, but faced bearish headlines after a bipartisan House Select Committee on China published a report linking the company to the Chinese government and calling its China ties a national security risk. The company expressed disappointment, stating the report contained significant inaccuracies and that it had cooperated with the committee but had not heard from them for over 20 months before the report was released. Despite the negative news, the stock managed a modest gain, though the geopolitical and legal overhangs could pressure shares in the near term. The direction signal is mixed, with the close higher but the news sentiment bearish.