Webull CFO Wang Haichen sells $493,746 in shares

Webull Corp CFO Wang Haichen sold 55,000 shares of Class A Ordinary Stock on September 14, 2026, for a total of $493,746. The shares were purchased at prices ranging from $8.8700 to $9.0950 per share, with a weighted average price of $8.9772. Following the sale, Mr. Wang indirectly owns 772,046 shares through his spouse. Despite Webull shares delivering a 63% return over the past six months, the stock currently trades at $8.66, down from $9.04.

The company's P/E ratio of 112 suggests that it is overvalued, placing it on the Most Overvalued list. Webull reported strong second-quarter results, surpassing expectations with earnings of $0.05 per share and revenue of $198.8 million, a 51% increase year-over-year. Adjusted operating profit reached $62.6 million, a 169% increase, driven by higher trading activity following the removal of the pattern day trader rule.

Rosenblatt raised its price target for Webull stock from $13 to $15, maintaining a Buy rating, highlighting the company's potential growth due to regulatory changes.