AMC and GameStop Stocks Are No Longer Restricted In Robinhood

Related

Share

Robinhood Markets’ decision to lift trading restrictions on GameStop and AMC Entertainment shares has resulted in their recovery before the conference. The two companies were involved in a dispute between social media-coordinated micro-investors and hedge funds.

Announcing the new measures on its website, Robinhood announced an expansion of restrictive measures the day before. GameStop’s shares have plummeted 84% since the beginning of the week, while AMC’s shares have lost 47% as small investors turn to pharmaceuticals and other smaller companies.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


In pre-conference trading, shares of GameStop rose 14%, while AMC gains 8.9% after lifting the restrictions. They were launched late January as part of a Reddit-organized RedStre Wall Street Bets campaign to halt hedge funds’ wagers on their collapse.

When Robinhood announced its restricted platform, a part of the micro-investor community expressed outrage, stating that the platform was supposed to be a place where hedge funds and institutional investors would be protected. According to the trading application’s management company, to strengthen its capital position, it had to borrow billions of dollars.

Today, an article quoted Vlad Tenev, CEO of Robinhood, saying that this site wasn’t designed for hedge funds but people left out in the market.

GME’s performance over the last year has achieved a return of 183.97%, with its performance over the last seven days just below -72.37%. Over one month, the stock’s price index increased 208.00% and 362.40% over three months. Over the past six months, the stock’s performance saw it score 1055.51% and even higher, 1179.90%, during its 52-week period.

Now let’s talk about AMC Stock. This stock went down -17.84% in the past week and has increased 258.08% in the last month. Over the last quarter, this company’s stock appreciated by 202.99%. The company’s stocks have increased by 70.84% in the last six months and by 1.29% on a full-year basis. During the time of this writing, the stock’s YTD performance was positive at 234.43%.

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam