Market News / Story
BULL Stock Heads For Biggest Drop In Over A Year After House Panel Reportedly Flags Webull’s ‘Structural’ Ties To China
Stocktwits ·
Stocktwits reports: Webull (BULL) shares plunged in early morning trade on Wednesday after a bipartisan House committee investigation reportedly raised concerns about the brokerage’s ties to China, putting the stock on track for its steepest single-day decline in more than a year. According to a CNBC report, the House Select Committee on China said Webull is "tied in structural ways" to the Chinese government. The panel also pointed to "a profound gap" between the company’s marketing as an…