Robinhood tells customers it will allow âlimited buysâ amid GameStop, AMC trading frenzy
By Bradford Betz
GameStop stocks soar
Trading volume has surged in shares of GameStop, AMC Entertainment, as well as Bed Bath & Beyond and BlackBerry, stunning Wall Street firms betting that those stocks would fall.
Robinhood, the online trading platform at the center of a speculative frenzy involving shares of GameStop, AMC and other flailing companies, told its customers Thursday that it would be allowing "limited buys" of these companies starting Friday.
The announcement came as the company tries to clamp down on an influx of inexperienced investors that has sparked volatility in the market.