Robinhood blocks purchase of GameStop, AMC, and BlackBerry stock

nyse-stockexchange

Robinhood has added new limits to its app to restrict users from buying or trading any of the popular Reddit r/WallStreetBets stocks, including GameStop ($GME), AMC ($AMC), BlackBerry ($BB), Bed Bath & Beyond ($BBBY), Nokia ($NOK), and more. Users will still be allowed to close out existing positions but won’t be able to buy more of the stocks. The company is citing “recent volatility” in the market as the reasoning behind the change.

We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AMC, $BB, $BBBY, $EXPR, $GME, $KOSS, $NAKD and $NOK. We also raised margin requirements for certain securities.

The...

Continue reading…



from The Verge - All Posts https://ift.tt/39mXmPL

Comments

Popular posts from this blog

Sony Xperia 1 IV leaked in renders showing off a mostly unchanged design

Here are the nine photos of a ‘Pixel Watch’ — and one wacky story

Adobe Acrobat Pro DC v2020.009.20074