By Associated Press Undefined NEW YORK (AP) — Robinhood and other online trading platforms are moving to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors. GameStop stock has rocketed from below $20 earlier this month to more than $400 early Thursday as a volunteer army of investors on social media challenged big institutions who had placed market bets that the stock would fall. The stock fell, however, to around $240 after sliding more than 30% in midday trading. Robinhood said Thursday investors would only be able to sell their positions […]
The post Trading sites restrict stock trading in GameStop, other cos. appeared first on Black News Channel.
