Webull Corp. (NASDAQ: BULL) shares are trading higher Thursday. Trading volume has spiked to over 24 million shares traded, well above its 100-day average of around 10 million. Here's a look at what may be driving the increase in investor interest.
The trading platform reportedly stated that the tokens of companies like OpenAI were facilitated by Robinhood’s ownership stake in a special-purpose vehicle.
Robinhood Markets Inc. CEO Vlad Tenev clarified the nature of the company's OpenAI token giveaway on Wednesday, June 2, amid growing controversy about the nature of the equities.
Shares of Webull soared on Wednesday on exceptionally high trading volume. Wednesday's surge appears to be in sympathy with a broader rally in the retail brokerage and crypto sectors.
Shares of financial services company Robinhood (NASDAQ:HOOD)
jumped 7.7% in the afternoon session after traders speculated that it could soon be added to the S&P 500. This speculation was fueled by the official close of Hewlett Packard Enterprise's acquisition of Juniper Networks, which opened a spot in the index.
Robinhood Markets shares hit a new all-time high Wednesday. The stock is surging following a series of major announcements revealing a more comprehensive push into the cryptocurrency space.
