Robinhood Will Restart ‘Limited’ Trading In Meme Stocks GameStop, AMC As Reddit Rally Unravels

  • 📰 Forbes
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 53%

ประเทศไทย ข่าว ข่าว

ประเทศไทย ข่าวล่าสุด,ประเทศไทย หัวข้อข่าว

Robinhood will restart 'limited' trading in the meme stocks GameStop and AMC as the Reddit rally unravels

Following a slew of backlash from everyone including government officials and billionaires, popular online brokerage Robinhood, which along with other trading platforms facilitated much of the Reddit-fueled trading mayhem, has backtracked from its decision to bar buying of the meme stocks that sparked the mind-blowing Reddit rally in shares heavily shorted by Wall Street’s elite.

“In light of recent volatility,” Robinhood said earlier Thursday it was restricting trading of meme stocks including GameStop, AMC Entertainment, BlackBerry and Bed Bath & Beyond—allseeing eye-popping gains this week as Reddit traders pump up prices with massive buying. Other stocks temporarily barred on the platform include Koss Corp., Express, Nokia and Naked Brand; Robinhood said it was only allowing such positions to be closed.

Tenev said the move was a “risk-management decision” due to financial requirements from the Securities and Exchange Commission that fluctuate based on volatility in the markets, implying that a surge in margin trading may have strained the firm’s cash on hand. Interactive Brokers has also barred options trading for many of the same stocks–AMC Entertainment, BlackBerry, Express, GameStop and Koss–allowing only liquidation for such positions; the firm is also requiring long positions to be fully covered and a 300% margin for short positions “until further notice.”

 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

Keep defending the swamp.

Use questrade

The only thing unraveling is RobinhoodApp 's future. We aren't selling!!!! gme amc wallstreetbets reddit

What? Free markets aren't free?

Lol the big tech think its over. The meme wars are just beginning.

Peasants thought the Owners would allow them freedom. 🤣

This is such bs. Literally manipulating the market because it was normal people taking money from the super rich for once.

Lock them up

Screw that app.

Everyone remember: The squeeze hasn't even happened yet. This friday, ITM contracts are being exercised, which means the squeeze might happen tomorrow. If it does, it takes 5-6 days for shorts to cover their positions. Doesn't happen in just an hour. Takes days.

Why? Are only hedge funds able to make money?

AMC and GameStop are literally still in business lmaooo

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 394. in TH

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

GameStop and AMC move higher after Robinhood removes trading restrictions placed on the Reddit-favored stocksGameStop and AMC shares rose Friday after Robinhood removed restrictions on the 'meme' stocks pumped by Reddit traders in recent weeks. When was it at 78% lol Why are you all still using Robinhood?!? Click this link, get 4 free stocks for signing up
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »

Robinhood raises trading limit on five companiesOnline trading platform Robinhood said on Tuesday it had raised trading limits on stocks of five companies, including GameStop Corp and AMC Entertainment Holdings Inc. Raises** not removes. What a sham Shame
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »