Robinhood Expands Trading Restrictions To 50 Stocks, Including GameStop, General Motors, Starbucks, Several SPACs

Robinhood Expands Trading Restrictions To 50 Stocks, Including GameStop, General Motors, Starbucks, Several SPACs

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Robinhood added additional restrictions to trades on its platform late Friday.

The restrictions include the ability to only buy one share of GameStop Corp GME, one of the hottest stocks this week and one that has led to a major short squeeze.

See also: Robinhood Alternatives

Robinhood also placed restrictions on Thursday that halted the buying of certain stocks. 

The list of stocks that now have limited restrictions has climbed to 50, according to CNBC. Here is a look at the 50 stocks with restrictions on Robinhood and the current limit on the number of shares and options you can purchase.

  • American Airlines Group Inc AAL: 1 share, 10 options
  • Aurora Cannabis ACB: 1 share, standard limits
  • First Majestic Silver Corp AG: 1 share, standard limits
  • AMC Entertainment AMC: 1 share, 10 options
  • Advanced Micro Devices Inc AMD: 1 share, standard limits
  • BlackBerry Ltd BB: 1 share, 10 options
  • Bed Bath & Beyond Inc BBBY: 1 share, 10 options
  • BYD Co BYDDY: 1 share
  • Beyond Meat BYND: 1 share, standard limits
  • Churchill Capital Corp IV CCIV: 1 share, standard limits
  • Clover Health CLOV 1 share, standard limits
  • Curis CRIS: 1 share, standard limits
  • Castor Maritime Inc CTRM: 5 shares
  • Express Inc EXPR: 5 shares, 10 options
  • EZGO Technologies EZGO: 5 share
  • General Motors Corporation GM: 1 share, standard limits
  • GameStop Corp: 1 share, 5 options
  • Gran Tierra Energy GTE: 5 share, standard limits
  • Hims & Hers Health HIMS: 1 share, standard limits
  • Inovio Pharmaceuticals Inc INO: 1 share, standard limits
  • Social Capital Hedosophia Holdings Corp V IPOE: 1 share, standard limits
  • Social Capital Hedosophia Holdings Corp VI IPOF: 1 share, standard limits
  • Jaguar Health Inc JAGX: 5 share, standard limits
  • Koss Corp KOSS: 1 share
  • Lianluo Smart LLIT: 5 share
  • Moderna Inc MRNA: 1 share, standard limits
  • Naked Brands Group NAKD: 5 shares
  • The9 Ltd NCTY: 1 share
  • Nokia Oyj NOK: 5 shares, 10 options
  • Novavax Inc NVAX: 1 share, standard limits
  • Opendoor Technologies Inc OPEN: 1 share, standard limits
  • Rocket Companies Inc RKT: 1 share, standard limits
  • RLX Technology RLX: 1 share, standard limits
  • Rolls-Royce Holdings RYCEY: 5 shares, standard limits
  • Starbucks Corp SBUX: 1 share, standard limits
  • Shoals Technologies Group SHLS: 1 share
  • Siebert Financial Corp SIEB: 1 share, standard limits
  • iShares Silver Trust SLV: 1 share, standard limits
  • Sundial Growers Inc SNDL: 5 shares, 10 options
  • Direxion Daily Semiconductor Bull 3x Shares SOXL: 1 share, standard limits
  • Sorrento Therapeutics Inc SRNE: 1 share, standard limits
  • Star Peak Energy Transition Corp STPK: 1 share, standard limits
  • Tengasco TGC: 5 shares
  • Tian Ruixiang Holdings TIRX: 1 share
  • Tootsie Roll Industries TR: 1 share, 10 options
  • Trivago TRVG: 55 shares, 10 options
  • Workhorse Group WKHS: 1 share, standard limits
  • Qualtrics International XM: 1 share, standard limits
  • Zomedica Corp ZOM: 5 shares

Why It’s Important: The list includes many of the high-flying  popular among retail traders. Today’s list puts restrictions on several blue chip stocks for the first time, with stocks like General Motors and Starbucks having purchase limits.

SPACs are also among the stocks restricted by Robinhood, including some completed SPAC merger companies, SPACs with pending deals and SPACs searching for targets hit by the restrictions.

Disclosure: Author is long shares of CCIV, NAKD, SNDL.

Related Link: Robinhood CEO On Trading Halts: 'We Made The Correct Decision' 

Photo courtesy of Robinhood. 

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice. 

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