Robinhood to allow 'limited' buys of GameStop, AMC, others on Friday

Dow Jones2021-01-29

MW Robinhood to allow 'limited' buys of GameStop, AMC, others on Friday

Online trading app Robinhood said late Thursday that starting tomorrow it will allow "limited buys" of securities such as GameStop Corp. $(GME)$, AMC Entertainment Holdings Inc. $(AMC)$, and others stocks that have surged in price in recent weeks. "We'll continue to monitor the situation and may make adjustments as needed," Robinhood said in a new blog post. Earlier Thursday, the platform said it was preventing its users from making new purchases in several skyrocketing stocks . In the later blog post, Robinhood called its initial decision "tough," but about risk management. "We're beginning to open up trading for some of these securities in a responsible manner," it said. "We'll keep monitoring market conditions as we look to restore full trading for these securities," it said.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

January 28, 2021 16:34 ET (21:34 GMT)

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Comments

daniu0808
2021-01-29
daniu0808
Market manipulation
- TheRainmaker:
  Yea confIrm
zoyi
2021-01-29
zoyi
什麼叫limited? no details?

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2

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