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Robinhood Limits Trading In GameStop, AMC And Others

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Robinhood Limits Trading In GameStop, AMC And Others

Robinhood users can no longer enter new GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC) positions.

What Happened: Screenshots from Robinhood users confirm GameStop's stock is "not supported on Robinhood." The commission-free broker is warning customers the platform will only handle orders to "close out your position." Customers are banned from purchasing additional shares.

Shares of GameStop continued their mind-boggling surge higher Thursday morning as it hit the $500 per share mark in the premarket trading session. AMC shares were trading in the opposite direction as it was down around 20%.

See also: How to Buy AMC Stock

Some users on Twitter are reporting other tickers can't be traded, such as American Airlines Group Inc (NASDAQ: AAL), BlackBerry Ltd (NYSE: BB), Naked Brand Group Ltd (NASDAQ: NAKD), among others.

Representatives from Robinhood could not be immediately reached for comment.

Why It's Important: Many users on Twitter expressed their frustration with the platform's decision to severely restrict trading on GameStop and AMC shares.

 

Related Articles (GME + AMC)

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