Webull CFO Wang Haichen sells $493,746 in shares

Webull Corp (NASDAQ:BULL) Chief Financial Officer and Director Haichen Wang sold 55,000 Class A Ordinary Shares on September 14, 2026, for a total value of $493,746.

The shares were sold at prices ranging from $8.8700 to $9.0950 per share. The weighted average price for these transactions was $8.9772. Following this transaction, Mr. Wang beneficially owns 772,046 Class A Ordinary Shares indirectly through his spouse.The insider sale comes as Webull shares have delivered a 63% return over the past six months, though the stock currently trades at $8.66, down from the previous close of $9.04. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value, placing it among companies on the Most Overvalued list. The company trades at a P/E ratio of 112, reflecting high investor expectations. For deeper insights, including 8 additional InvestingPro Tips and comprehensive analysis, investors can access the full Pro Research Report available for BULL and 1,400+ other US equities.

In other recent news, Webull reported impressive second-quarter results, surpassing Wall Street estimates with earnings of $0.05 per share on revenue of $198.8 million. This represented a 51% increase in revenue compared to the previous year, driven by heightened trading activity following the removal of the pattern day trader rule. Adjusted operating profit also saw significant growth, climbing 169% to reach a record $62.6 million. In light of these strong results, Rosenblatt raised its price target for Webull stock from $13 to $15, while maintaining a Buy rating. The firm highlighted the sequential improvement in revenue capture rates as a positive outcome of the regulatory change. These developments are indicative of structural tailwinds that could support future revenue growth for the company.