FUTU is trading 4.42% up now at $97.88 following renewed attention on a June 29 insider-trading lawsuit tied to a regulatory crackdown on Chinese brokerages.
- The case alleges traders made over $100 million by buying short-dated put options on Futu and Tiger Brokers before the May 22 regulatory announcement.
- While broader markets are slightly softer, the stock-specific move is being driven by the ongoing legal developments keeping the name in focus for investors.