GameStop shares gained 8.4% to trade above $57 in premarket trading. AMC shares picked up 6% to trade around $7.50. Stocks in each company had rocketed higher in January after traders on Reddit began buying them to force a squeeze on short-sellers, largely targeting hedge funds that had anticipated a drop in the share prices.on purchases of shares in the companies, when traders could buy up to 100 shares of GameStop and 1,250 shares of AMC.
Robinhood has previously said it had to block purchases to meet a tenfold increase in deposit requirements mandated by clearinghouses registered with the Securities and Exchange Commission.Business Insider
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When was it at 78% lol