Webull's $280M Surge Climbs to 332nd Market Rank Amid Ownership Shift

On August 18, 2025, Webull (BULL) recorded a trading volume of $0.28 billion, a 47.54% increase from the previous day, ranking 332nd in market activity. The stock closed with a 0.22% decline.

Jun Yuan disclosed beneficial ownership of 29,758,301 Webull Class A shares, representing 7.4% of the class. The shares are held by NotNull Inc., with voting authority retained by ToString Inc., a wholly owned entity of Mr. Yuan. This structure grants him sole voting and dispositive control over the reported stake. The Schedule 13G filing, submitted on August 18, 2025, was delayed due to EDGAR system issues, though the underlying ownership event occurred on June 30, 2025.

The filing highlights a significant ownership concentration, which could influence corporate governance dynamics. While no transaction details or strategic intentions were disclosed, the clear chain of control underscores Mr. Yuan’s direct influence over voting rights tied to the Class A shares. The late submission, however, raises procedural compliance concerns, potentially affecting investor perceptions of transparency.

A strategy of purchasing the top 500 stocks by daily trading volume and holding for one day from 2022 to 2025 yielded a 0.98% average daily return, with a cumulative 31.52% over 365 days. This suggests limited short-term momentum capture amid market volatility and timing risks.