Retail brokerage stocks Robinhood and Webull surged notably after Webull's CEO revealed a nearly 300% increase in retail buy orders for major cryptocurrencies following the June 4 repeal of the pattern day trader (PDT) rule. This rule change allowed more retail investors to trade cryptocurrencies actively, driving higher transaction volumes and boosting broker revenues. Despite minimal price movement in Bitcoin and Ethereum, broker stocks and related ETFs gained, reflecting increased trading activity rather than coin price changes. Investors will watch if this retail trading momentum sustains into upcoming earnings reports and year-end.
Webull's stock surged 8% following strong Q2 2026 earnings, with revenue beating expectations and record daily trades. The rally is driven by retail trading enthusiasm, especially after the removal of the FINRA Pattern Day Trader Rule, boosting custo...
SoFi Technologies and Coinbase Global stocks rose sharply as stablecoin trading expands beyond crypto-only firms into fintech. SoFi's SoFiUSD stablecoin, backed by the Federal Reserve, and Coinbase's USDC stablecoin are driving this sector rotation, ...
Bitcoin briefly surged past $80,000 in early trading, extending gains from a recent rally driven by renewed investor appetite for riskier assets and a short squeeze that liquidated over $4 billion in bearish positions. This momentum attracted retail ...
Coinbase shares trade at $186.49, with Bernstein analyst Gautam Chhugani setting a high price target of $330, implying 77% potential upside. Despite three quarters of earnings misses, shrinking crypto volumes, and a $359.5 million net loss in Q2 2026...
