Futu Holdings Ltd Stock News

TheStreet cut shares of Futu (NASDAQ:FUTU) from a c- rating to a d+ rating in a report published on Tuesday, TheStreetRatingsTable reports. A number of other research firms have also recently weighed in on FUTU. CLSA assumed coverage on shares of Futu in a research report on Tuesday, October 19th. They issued a buy rating []

Nasdaq-listed brokerage and wealth management firm, Futu Holdings recently announced the successful acquisition of an Australia-based subsidiary, Futu Securities Australia.

HONG KONG, Dec. 19, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (Futu or the Company) (Nasdaq: FUTU), a leading tech-driven online brokerage and wealth management platform, today announced that it had successfully acquired an Australian-based subsidiary, Futu Securities (Australia) Ltd. Futu Securities (Australia) Ltd holds an Australian Financial Services License (AFSL). The

Futu Holdings Limited (NASDAQ:FUTU) with the stream of 4.66% also noticed, India Devon Energy Corporation (NYSE:DVN) encountered a rapid change of -2.87% in the last hour of Fridays trading session. The post Sector Percentage Losers: Futu Holdings Limited (NASDAQ:FUTU), Devon Energy Corporation (NYSE:DVN) appeared first on Stocks Equity .

HONG KONG, Dec 17 (Reuters) Chinese officials are planning to ban online brokerages such as Futu Holdings Ltd (FUTU.O) and UP Fintech Holding Ltd from offering offshore trading services to mainland clients, the latest development in a broad regulatory crackdown that has roiled a wide range of sectors over the past year. The Nasdaq-listed Chinese firms []

China To Tighten Regulations On FinTech Brokers Futu Holdings Ltd and UP Fintech Holding Ltd plunged premarket Friday after a Reuters report said Chinese regulators are preparing to crack down on the digital brokerage companies. Reuters said the brokerages would likely be notified of a platform ban, blocking mainland China customers from investing in foreign markets in "the coming months." Regulators are worried about data security risks to mainland customers who have to enter their ID cards, bank cards, and tax records to use the platforms. They''re also concerned about capital outflows. The Nasdaq-listed Chinese brokerages were down considerably in the premarket hours. Futu is down more than 9% and Up Fintech -12%. In October, state-run media People''s Daily said these brokerages collect large amounts of personal data were at risk of being acquired by the U.S. Securities and Exchange Commission. Futu responded to the Reuters report by calling it "media speculations" about future policies damaging its business. "The company has been operating steadily and will continue to serve existing and new clients," Futu said.

Futu Holdings Limited (NASDAQ:FUTU) shares, rose in value at last check on Friday, 12/17/21, with the stock price down by -2.02% to the previous days close as strong demand from buyers drove the stock to $36.58. Actively observing the price movement in the recent trading, the stock is buoying the session at $37.34, falling within Understanding Futu Holdings Limited (NASDAQ: FUTU)s Growth Potential Read More »

Shares of Futu Holdings Limited (NASDAQ:FUTU) hit a new 52-week low on Friday . The stock traded as low as $33.62 and last traded at $35.33, with a volume of 82739 shares trading hands. The stock had previously closed at $37.34. FUTU has been the subject of several research reports. Morgan Stanley cut Futu from […]

During the last session, Futu Holdings Limited (NASDAQ:FUTU)s traded shares were 6.27 million. At the end of the trading day, the stocks price was $37.34, reflecting an intraday loss of -8.57% or -$3.5. The 52-week high for the FUTU share is $204.25, that puts it down -447.0 from that peak though still a striking 4.95% After A -17.44% Drop In The Last Week, Does Futu Holdings Limited (NASDAQ: FUTU) Still Make Sense To Buy? Read More »

China looks determined to take actions against the online brokers as local regulators are planning to ban companies like Futu Holdings and UP Fintech.

The battle that Chinese stocks are facing at the hands of their government continues with new regulations imposed on online brokers. The post Chinese Stocks Alert: What Is Going on With FUTU, TIGR Sto

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Chinese regulators are planning to ban online brokerages such as Futu Holdings Ltd and UP Fintech Holding Ltd from offering offshore trading services to mainland clients due to concern about data security and capital outflows, people with knowledge of the matter said.