The tremendous volatility on the few companies that were "shorted" by large hedge funds has forced stock trading apps to act. Yesterday TR Ameritrade, and today Robin Hood introduced restrictions on trading in shares such as GameStop or AMC, indicating that currently investors cannot buy these shares, but only sell those they own. Gamestop shares are trading under pressure in the premarket, although earlier stock surged to nearly $500 level. Currently, stock is trading around $ 290 per share (20% below yesterday closing price).
GameStop (GME.US), M30 interval. Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
