Bullish Shares Soar 5% On Strong Quarterly Results, Regulator Nod For US Expansion
Shares in Bullish, the crypto trading platform and infrastructure provider backed by Peter Thiel, surged 5% after the firm’s quarterly results beat analysts’ expectations and the company secured regulatory approval to expand its US operations. Bullish’s stock price continued to gain in the pre-market trading session, with another 2% rise during this period, data from Google Finance shows . Bullish stock price (Source: Google Finance) That’s after the company made its public market debut on Aug. 13. On its first trading day, Bullish stock opened with a price of $37 per share. It briefly spiked on the day, but closed the debut trading session off at $68. One of the investors in the Bullish IPO was Cathie Wood-led ARK Invest. The company has backed the digital platform since it went public. In its latest trade notification, ARK Invest disclosed that it bought more Bullish shares across two of its ETFs (exchange-traded funds). The asset manager ...
