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Why UP Fintech Holding Stock Soared Today

·1-min read
Why UP Fintech Holding Stock Soared Today

Shares of UP Fintech Holding (NASDAQ: TIGR), primarily an online brokerage in China known as Tiger Brokers, soared on Tuesday after the company provided financial results for the first quarter of 2021. Like many brokerages in the U.S., Tiger Brokers saw a surge in trading volumes that contributed to the strong revenue growth. As a percentage of revenue, first-quarter expenses were way down for UP Fintech.

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