TIGR Stock: Why The Price Increased Today

By Amit Chowdhry ● Oct 26, 2021
  • The stock price of UP Fintech Holding Ltd (NASDAQ: TIGR) increased by over 15% pre-market today. This is why it happened.

The stock price of UP Fintech Holding Ltd (NASDAQ: TIGR) – a leading online brokerage firm focusing on global investors – increased by over 15% pre-market today. Investors are responding positively to the company announcing that it has received approval from The Hong Kong Securities and Futures Commission (SFC) to complete the acquisition of Ocean Joy Securities Limited (OJSL), a firm licensed with the SFC for Type I (Dealing in Securities) and Type II (Dealing in Futures Contracts) regulated activities.
UP Fintech expects to complete the acquisition and upon completion expects to start to operate its brokerage business in Hong Kong.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.