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GameStop, AMC, other companies’ stock blocked from trading on some sites Updated Jan 28, 2021; Robinhood and other online trading platforms are moving to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors. GameStop stock has rocketed from below $20 earlier this month to more than $400 early Thursday as a volunteer army of investors on social media challenged big institutions who had placed market bets that the stock would fall. The stock fell, however, to around $240 after sliding more than 30% in midday trading. Robinhood said ...

Outcry as brokerages limit trading in GameStop 28 Jan, 2021 07:08 PM 5 minutes to read Other Robinhood and other retail brokerages are taking steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility and an outcry from users of the platforms and some members of Congress that small investors are being treated unfairly. GameStop stock has rocketed from below US$20 earlier to close around US$350 Wednesday as a volunteer army of investors on social media challenged big institutions who had placed market bets that the stock would...

Robinhood Restricts Trading In GameStop, Drawing Criticism From Lawmakers Robinhood and other major trading platforms on Thursday restricted trading in GameStop and other popular stocks that have skyrocketed this week and triggered anxiety on Wall Street. The decision sparked fierce backlash from smaller investors and lawmakers, questioning the legality of the restrictions.  In a statement, Robinhood said it was "restricting transactions for certain securities to position closing only." Other trading platforms, including Investment Brokers and Charles Schwab, took similar steps to restric...

Brokerages limit trading in GameStop, sparking outcry GameStop shares rose as high as $380 Wednesday morning, after sitting below $18 a few weeks ago. (Source: CNN) By Associated Press | January 28, 2021 at 9:51 AM CST - Updated January 28 at 6:57 PM (AP) - Robinhood and other retail brokerages took steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility in the market and an outcry from users of the platforms and some members of Congress who say small investors are being treated unfairly. GameStop stock has rocketed...

Why did Robinhood restrict trading in GameStop, AMC, and other stocks on Thursday? Updated Jan 28, 2021; Posted Jan 28, 2021 FILE - In this Nov. 5, 2020 file photo, a sign for Wall Street is carved in the side of a building. U.S. stocks are rising again Wednesday, Jan. 20, 2021, climbing toward records on stronger-than-expected earnings reports and continued optimism that an economic recovery is on the way. (AP Photo/Mark Lennihan, File)AP Facebook Share NEW YORK — The online trading platform Robinhood is moving to restrict trading in GameStop and other stocks that have soared recently ...