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GameStop Plunges After Brokers Restrict Trading

Published 01/28/2021, 11:21 AM
Updated 01/28/2021, 01:06 PM
© Reuters.

© Reuters.

By Liz Moyer

Investing.com -- GameStop Corp (NYSE:GME) plunged 63% Thursday morning after several brokerages blocked trading in the shares after a remarkable run of volatility.

The stock was halted multiple times in the morning. But they gained back some ground and are now down about 30% at around $238. They have risen more than 400% in  just a week.

GameStop, AMC Entertainment Holdings Inc (NYSE:AMC), BlackBerry Ltd (NYSE:BB) and other stocks have been pushed higher by retail investors who are waging a war with professional traders over their bearish bets. AMC fell 49% on Thursday, and BlackBerry was down 36%.

 

Latest comments

robinhood more like hood robbing! steal from the poor and give to the rich!
in all the frenzy do not forget that this is a zero sum game...it will be retail pitted against retail once the short squeeze ends!! GME has already filed that MUST it's largest shareholder has exited the stock..so be ready to dump and take the moolah 🏠
Trading involves risk of loss. Of the two only the professionals know what risks can be hedged, and what risks should never be taken.
You had a good RH but it's over for you.
Reverse Robinhood
Keep in mind that hedgefundes are the short side of the market
The Golden Rule- He who has (the most) gold, makes or modifys the rules as needed.
The rich rules the world. Read history
they also get killed by angry mobs every now and then
Now retail traders are seeing what Trump supporters went through when the media and establishment big businesses lie and work against them. The low intelligence believed them all, and now it is happening to them the exact same way. I hope they get crushed the exact same way after having been right there believing and encouraging the same establishment that is now crushing them. They deserve it.
These brokers are a ioke. I hope many law suites are filed.
Interactive Brokers banned buying these stocks... What a joke, they ate part if the manipulation machine...
Not just apps. Coincidentally, Ally invest had 'technical difficulties' until 2pm, and access was not allowed.
"they" have risen more than 400%? what does the author mean by "they"?
They the company obviously.
isn't it illegal to do so? means all the hedge funds will get in on their short sells right?
isn't it illegal?
isn't it illegal?
No, perfectly legal.
These apps are done. How can anyone use them if you cant trust the CEOs not to shut you down at the most critical time to buy or sale? They lost all trust, and you can't have a business without trust.
Every of us should call tomorrow the hotline of Sec and attack!!!!!!
...and if the SEC agent can get a word in edgewise past your ignorant screed they will tell you that its still a free country.
Attack appstore! One star for robinhood and trade republik!
RH restricted trading today too they r playing the same game
This is not legal, no freedom.Where is biden and SEC
its perfectly legal. Learn the business, trade with knowledge on your side.
RH restricted trading today too they r playing the same game
LITECOIN FEBRUARY 12TH all in..same thing as GME
Just hold till Monday..
buy Doge coin in robinhood, no one can do nothing there. Let's go to moon.
dogecoin is a joke. it's never going to go anywhere.
dogecoin is a joke. it's never going to go anywhere.
100% in one day must be nowhere
buy Doge coin in robinhood, no one can do nothing there. Let's go to moon.
House always win.
Especially when you change the rules in your favor
that's what they do...Casino never loses money....! Players risk to lose all the time...very few luck one wins which so not impact casino!
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