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GameStop, AMC Jump as Robinhood Set to Allow Limited Buying on Friday

Published 28/01/2021, 21:32
© Reuters.

By Yasin Ebrahim

Investing.com –  GameStop, AMC, Nokia (NYSE:NOK) and a slew of other "meme stocks" backed by retail investors jumped in after-hours trade Thursday, after online trading platform Robinhood said it would lift some trading restrictions on the stocks.

GameStop (NYSE:GME) rose 31% to $259 in after-hours trade after closing down 43%. AMC Entertainment (NYSE:AMC) 21% to $10.56 after falling 56% on the day. Nokia ended the day down 13.25%, Naked Brand Group Ltd (NASDAQ:NAKD) rose 6% in after-hours trade, while Express Inc (NYSE:EXPR)11% and Blackberry (TSX:BB) rose 8%.

“Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed,” Robinhood said in a statement.

Latest comments

Follow crypto revolution before it's too late...
what does it means
All those big hedges and brokerages shpuld all go to jail. How is THAT not manipulation? They ALL gathered together and prevented retailers the opportunity to buy, then they used scare tatics to make the powerless retailers to sell by pushing the prices down to help them get better positions.
lol, silly retailer
A bit like big tech silencing free speech and Joe Xiden and his gang of wall street thugs condoning it. I didnt see compaints from reddit punks about that.
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