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Webull shares plunge nearly 20% after congressional report questions China ties despite record revenue

Market News
07 Oct 2026
PRNewsWire
View Source
Bearish
Webull shares plunge nearly 20% after congressional report questions China ties despite record revenue

Webull's stock dropped about 19.6% after a U.S. House Select Committee report raised concerns about the company's connections to China and data security, despite Webull posting a record $198.8 million quarterly revenue. The report led to analyst downgrades and increased uncertainty over regulatory and operational risks. Investors who suffered losses from the stock's steep decline may be eligible to seek legal recovery, as investigations are underway into whether Webull made misleading statements about its China-related operations. Shareholders are encouraged to review their losses and consider legal options.

Regarding the Webull investigation notice, here is Pluang's Financials sector market snapshot as of Oct 08, 2026 04:32 WIB: Among 85 priced Financials-sector US stocks tradable on Pluang, 15 rose and 70 fell today. Notable movers include MARA at USD 10.37 with a 1-day change of -5.47%, DB at USD 33.56 down 4.45%, and PUK at USD 23.54 down 4.33%. The most notable figure is that 70 out of 85 stocks declined in price.

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