Breaking: Robinhood removes restrictions on purchasing stocks, Gamestop (GME) up 50%!
Premium|Take advantage of 50% OFF on your first month.
Start your subscription and get access to all our original articles.
You have reached your limit of 5 free articles for this month.
Get Premium without limits for only $9.99 for the first month
Access all our articles, insights, and analysts.
UNLOCK OFFERRobinhood has removed all restrictions on purchasing stocks saying "There are currently no temporary limits to increasing your positions". Robinhood had put in place restrictions as the retail-driven frenzy in Gamestop (GME) meme stocks had led to a number of broker restrictions and garnered SEC attention.
Market reaction
Shares in Gamestop (GME) are strong on Friday currently at $82.77 at the time of writing, an increase of 55% on the day. Related stocks AMC, BB, EXPR and other retail interest names are all trading higher on Friday. Gamestop shares have been under pressure on Wednesday and Thursday as the short interest drops and new short positions compete with the retail-led buyers.
See also: Gamestop latest news
The author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
This article is for information purposes only. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. It is important to perform your own research before making any investment and take independent advice from a registered investment advisor.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to accuracy, completeness, or the suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The author will not be held responsible for information that is found at the end of links posted on this page.
Robinhood has removed all restrictions on purchasing stocks saying "There are currently no temporary limits to increasing your positions". Robinhood had put in place restrictions as the retail-driven frenzy in Gamestop (GME) meme stocks had led to a number of broker restrictions and garnered SEC attention.
Market reaction
Shares in Gamestop (GME) are strong on Friday currently at $82.77 at the time of writing, an increase of 55% on the day. Related stocks AMC, BB, EXPR and other retail interest names are all trading higher on Friday. Gamestop shares have been under pressure on Wednesday and Thursday as the short interest drops and new short positions compete with the retail-led buyers.
See also: Gamestop latest news
The author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
This article is for information purposes only. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. It is important to perform your own research before making any investment and take independent advice from a registered investment advisor.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to accuracy, completeness, or the suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The author will not be held responsible for information that is found at the end of links posted on this page.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.