Webull (BULL) Shares Slide Following Q1 Earnings Report

Webull Corp BULL shares are trading lower by 7.37% to $12.51 during Friday’s session, reacting to the release of the company’s first-quarter financial results late Thursday.

What To Know: The brokerage platform reported a quarterly loss of 6 cents per share. Webull also announced strong revenue growth for the quarter, with sales reaching $117.37 million. This marks a 31.97% increase over the $88.94 million in sales reported for the first quarter of the previous year.

Anthony Denier, Webull’s Group President and U.S. CEO, stated, “We are proud to have delivered a very strong first quarter, driven by significant account and trading volume growth that reflects continued demand for Webull’s differentiated trading platform.”

He added that the company remains focused on broadening its product portfolio, introducing new asset classes, and expanding global access for customers.

H.C. Wang, Group CFO, highlighted the 32% growth in total revenues and strong improvements on the bottom line, emphasizing continued strong account growth. The company reported a 45% year-over-year increase in customer assets to $12.6 billion, alongside a 17% rise in registered users to 24.1 million and a 10% increase in funded accounts to 4.7 million.

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How To Buy BULL Stock

By now you're likely curious about how to participate in the market for Webull- be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Webull, which is trading at $12.51 as of publishing time, $100 would buy you 7.99 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, BULL has a 52-week high of $79.56 and a 52-week low of $10.39.