A billionaire investor from California has bought 100 shares of the Webuls’ shares at $100 each, to take advantage of a bullish trend in the shares’ price, according to CNBC.
The investor, Stephen Huff, has put his net worth at $1.2 billion.
He was the fourth-richest person in the United States in March.
He is also a board member of the Internet and Society Institute, a nonprofit that advocates for open source software.
He also owns a small piece of the stock of Google, the world’s biggest search engine.
Huff’s net worth is estimated to be about $1 billion.
The Webull shares, which are listed on the Nasdaq Stock Market, are listed at a price of $50.
The Dow Jones Industrial Average is up more than 500 points this year.