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Robinhood Bars Users From Purchasing GameStop, AMC Stock
Posted
January 28, 2021
Views
2,176
Likes
19
Comments
31
Engagement
2.30%
January 28, 2021
2,176
19
31
2.30%
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1:26Now PlayingRobinhood 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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