Shares of Webull fell 20.67% following a US congressional report highlighting national security concerns due to the company's structural ties to China. The report revealed that Webull's technology, operations, and data infrastructure are linked to China, raising fears about control and data security. Webull disputed the findings, asserting its US operations and data storage are domestic and secure. The situation underscores growing scrutiny of Chinese-linked tech firms in the US and could impact Webull's business and investor confidence.
Webull shares plunged over 20% after a congressional report flagged China ties. For readers following the Financials sector, here is Pluang's market snapshot as of Oct 07, 2026 22:22 WIB: 85 US Financial stocks traded, with 8 rising and 77 falling. Notable movers include HUT at USD 86.39 down 6.32%, GEMI at USD 4.40 down 5.78%, and WULF at USD 14.16 down 5.41%.
BNP Paribas lowered Hormel Foods' price target from $26 to $23, indicating a potential 16.2% upside from its current price of around $19.80. Despite a 50.5% decline in its share price over five years, Hormel Foods remains attractive for dividend inve...
Barclays initiated coverage of Becton, Dickinson and Company (BDX) with an "Underweight" rating, indicating a cautious outlook for the medical technology stock. BDX is partnering with the U.S. government to boost domestic manufacturing and strengthen...
Morgan Stanley increased its price target for Eli Lilly to $1,430 from $1,419, maintaining an Overweight rating. This new target implies a potential upside of about 20.8% from the current share price of around $1,184. The adjustment reflects updated ...
Arthur J. Gallagher expects about 6% organic growth in Q3, driven by strong client retention and new business despite easing property insurance pricing. Cantor Fitzgerald lowered its price target to $280, below the $288 average from 19 analysts who m...
Needham raised Zscaler's price target to $255, citing strong demand for AI-related cybersecurity solutions. Zscaler aims to exceed $8 billion in annual recurring revenue by fiscal 2031, driven by increasing needs to protect against AI-powered cyberat...
