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Why UP Fintech Fell on Wednesday

TheMotleyFool

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Shares of UP Fintech (NASDAQ: TIGR), a fast-growing China-based online brokerage, took a hit on Wednesday. The stock was down as much as 16.4% at one point but finished the day down just 4.3%.

The stock's decline is unlikely tied to any disappointment in the company's third-quarter financial results, as revenue growth accelerated during the period and adjusted earnings improved. Shares may simply be taking a breather after big gains recently.

Image source: Getty Images.

Source Fool.com

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