Webull Corp. (NASDAQ:BULL) shares fell 6.3% on Wednesday after a large block trade of 3 million Class A shares hit the market during early trading hours, sparking renewed selling pressure.
According to Bloomberg, the trade — representing about 1.3% of Webull’s public float — was executed at $12.50 per share, a 2.3% discount to Tuesday’s closing price. The transaction, valued at $37.5 million, occurred at 8 a.m. New York time.
The selloff followed Tuesday’s session, when Webull stock had already declined 6.6%, compounding investor concerns about recent heavy trading activity. The 3 million-share block amounted to roughly 16% of the company’s 20-day average volume, underscoring the size of the move relative to normal trading levels.
Analysts noted that this marks Webull’s third major block trade in the past two weeks, with the three combined transactions totaling 3.1 million shares and carrying a total market value of $43.8 million.
The string of high-volume sales has raised questions about institutional investors reducing positions, contributing to the ongoing downward momentum in Webull’s stock.
Webull Corporation stock price
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