Home  »  Equity Investing   »  Did Anything Boost UP Fintech (TIGR) Stock In Pre-...

Did Anything Boost UP Fintech (TIGR) Stock In Pre-hour Trades?

As of the last check, UP Fintech Holding Limited (TIGR) shares were up 16.48%, trading at $10.32 in pre-market trading. In Monday’s session, TIGR’s stock gained 2.31% to close at $8.86. The number of shares traded remained at 5.65 million, which was lower than the daily average of 9.62 million shares over the past 50 days. In the last week, TIGR shares have risen by 14.03%, and they have gained 75.10% over the last 12 months.

Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report


In the past three months, TIGR shares have lost -39.02%, while in the past six months, they have lost -58.40%. Additionally, UP Fintech has a market capitalization of $1.38 billion and 144.36 million shares outstanding. TIGR stock has surged premarket session after a deal for acquisition has been approved.

What has TIGR been acquiring?

UP Fintech is a leading internet-based broker that targets global investors. TIGR’s exclusive versatile and web based exchanging stage empowers investors to exchange values and other monetary instruments on various trades all throughout the planet. TIGR offers inventive items and administrations just as a better client experience than clients through its “mobile first” strategy, which empowers it to all the more likely serve and hold current clients just as draw in new ones.

UP Fintech offers clients complete business and worth added administrations, including exchange request situation and execution, edge financing, IPO membership, ESOP the executives, investor education, local area conversation and client service. TIGR’s restrictive framework and cutting edge innovation can uphold exchanges across different monetary forms, numerous business sectors, various items, numerous execution scenes and different clearinghouses.

UP Fintech today declared that it has gotten endorsement from The Hong Kong Securities and Futures Commission (“SFC”) to finish the acquisition of Ocean Joy Securities Limited (“OJSL”). It is authorized to manage Type I transactions which are related to deal in Securities and Type II transactions to deal in Futures Contracts with the SFC.  TIGR hopes to conclude the procurement and, upon consummation, hopes to begin to work its brokerage business in Hong Kong.

US-listed Chinese internet based brokers Futu Holding and UP Fintech has been confronting administrative dangers as China’s new close to home information protection law will start producing results on Nov. 1, reported Reuters in an article referring to sources.

Brokerage firms which help mainland China people put resources into abroad securities exchanges, for example, in the United States and Hong Kong, could disregard information protection rules and furthermore run consistence hazards.

China will execute the Personal Information Protection Law from Nov. 1, supplementing the Data Security Law in directing the internet and protecting public safety.

Why the Chinese government is worried?

Businesses like Futu and UP Fintech (TIGR) don’t have mainland China brokerage licenses, yet Chinese residents can open records online subsequent to submitting individual data identified with ID cards, bank cards and tax records, the article said. Chinese government was worried about where does such firms store personal data after collecting it from customers?”

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts




The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.

Receive Best Stock To Trade Before The Opening Bell



100% Free. Stop Anytime. No Spam