Robinhood users can no longer enter new GameStop Corp. GME and AMC Entertainment Holdings Inc 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 AAL, BlackBerry Ltd BB, Naked Brand Group Ltd 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.
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