Webull reports Q2 revenue growth, EPS beat as users rise
Webull Corp reported second-quarter revenue of $198.83 million, up 51% year over year and above the $181.26 million estimate, while adjusted EPS of 5 cents beat expectations of 3 cents.
Major U.S. indices closed higher on Wednesday, with the Dow Jones Industrial Average rising 0.22% to 53,463.05, the S&P 500 gaining 0.21% to 7,707.98 and the Nasdaq advancing 0.16% to 26,331.09.
These are the top stocks that gained the attention of retail traders and investors through the day: Moderna Inc. (NASDAQ: MRNA ) Moderna’s stock skyrocketed by 176.97%, closing at $174.38.
The stock hit an intraday high of $176.66 and a low of $114.46, marking a new 52-week high.
In the after-hours session, the stock fell 4.65% to $166.26.
Moderna shares surged after its personalized mRNA cancer vaccine with Merck succeeded in a Phase 3 melanoma trial, marking the first Phase 3 win for an mRNA-based cancer treatment.
The result could shift investor perception of Moderna from a post-pandemic vaccine maker toward a potential oncology platform.
Read Also: Robinhood CEO Vlad Tenev Says America 'Must Continue to Lead' and 'Move Quickly' in Stock Tokenization, Warns of This 'Strange Outcome' Webull Corp (NASDAQ: BULL ) Webull’s shares rose by 8.95%, closing at $8.64.
The stock reached an intraday high of $8.70 and a low of $7.91.The stock shot up 14.01% to $9.85 in extended trading.
Webull reported second-quarter revenue of $198.83 million, up 51% year-over-year and above the $181.26 million estimate, while adjusted EPS of 5 cents beat expectations of 3 cents.
Customer assets rose 79% to $28.5 billion, registered users reached 28.2 million and funded accounts climbed to 5.13 million.
Bitmine Immersion Technologies Inc. (NYSE: BMNR ) Bitmine’s stock climbed 10.72%, closing at $20.24.
The stock’s intraday high was $20.90, with a low of $18.37.
The stock rose 6.47% to $21.55 in after-hours trading.
The rise is attributed to the momentum in digital asset markets, as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) prices surged.
Bitmine’s treasury of crypto, cash, and investments reached $11.4 billion.
Strategy Inc. (NASDAQ: MSTR ) Strategy’s Class A shares increased by 12.68%, closing at $104.25.
The stock reached a high of $106.90 and a low of $94.30.
In extended trading, the stock rose 3.73% to $108.13.
The rally is linked to a broader crypto surge and falling Treasury yields, which have boosted investor interest in riskier assets.
Merck & Co. (NYSE: MRK ) Merck’s stock rose by 12.60%, closing at $152.20.
The stock hit an intraday high of $153.50 and a low of $144.90.
The increase is tied to its collaboration with Moderna on the successful cancer therapy trial.
This partnership has been pivotal for both companies.
Edge Stock Rankings indicate Moderna stock has a Momentum score in the 95th percentile.
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