Webull is trading 4.87% higher at $6.24 after reports linked its premarket rise to Scotiabank’s upgrade to Sector Outperform from Sector Perform.
- Scotiabank kept its $9 price target.
- The move follows a recent selloff tied to a congressional report alleging China-related operational and data-security concerns; a class-action lawsuit was also announced. Neither is a new positive company catalyst for October 9.
- The broader market is modestly higher; BTC is up 1.55% and ETH 0.76% since the prior close.