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Reddit Traders Target AMC, BlackBerry Stock After Historic GameStop Rally
Posted
January 28, 2021
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January 28, 2021
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1:21Now PlayingAMC, Express, BlackBerry and Nokia are some of the firms that are rising due to their popularity on social media and internet forums.
Robinhood Markets and Interactive Brokers Group Inc. took steps Thursday to curtail trading in several high-flying stocks, including GameStop Corp. and AMC Entertainment Holdings Inc.
Robinhood restricted transactions on those stocks and others, according to a blog post. Interactive Brokers said it wouldn’t allow clients to take new options positions in names incuding AMC, GameStop and BlackBerry Ltd.
“In addition, long stock positions will require 100% margin and short stock positions will require 300% margin until further notice,” Interactive Brokers said in a statement.
Robinhood also restricted trading in shares of Nokia Oyj, which climbed 20% over the past three days.
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