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GameStop Plunges After Brokers Restrict Trading

Published 28/01/2021, 16:21
© 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, currently trading at around $126.01. 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 67% on Thursday, and BlackBerry was down 42%.

 

Latest comments

I lost money
so people are making money from this?
JN,sure manipulated .Those traders who short make tons of money!Risky game.
this time retailers took on her fund
hedge fund
what we going for next guys?! ****** gamestop there's more out there aha
what the article fails to mention; unless these retail trades are made on a direct access platform - the broker sells information on these positions to commercial accounts or trades against your position. example; if vast amounts of retail CFD long trades are made - the broker will short directly into the market, thus the more long positions - the more likely the market will drop
US markets are not free markets - double standards.
America has double standards on everything as long as it benefits them only.
MLK said it best" Communism for the rich and rugged individualism for the poor.
mr investing and oders 'pump my ride'
It is wrong staring they forbid "trading" they forbid buying, which is a obvous play of manipulation
the game's over - the really really rich people don't like you making a few quid so they've picked up the ball and are going home. I wouldn't bother buying now.
BUYY
Golliwog
simon portelli where are you from ?
BUUUUUUUUUY IT WORKS!!!!
give me an example
mike you are correct. scandalous that when the game isnt going in their favour they pick up the ball and take it home with them
A leader needs to emerge. Someone to give the signal to buy buy buy when they see fit.
Tesla is been rallying and no one stopped it so why stop GameStop and the others... Shows we just little fishes in the ocean...
Just HOLD POSITIONS. WE CAN WIN THIS! AND WE'LL WIN A LOT OF MONEY WITH IT
disappointed that in a free market... it appears that its not as free as we thought.. seems the institutions don't like someone else making the market...
Woody Woodpecker just ran off the cliff edge and is complaining about The Steal again.
ok
Wouldn't it be fun if a competitor hedge fun bought in on a dip... They'd potentially ***a competitor of theirs.
buy physical people and run away, its so many of us. just forget for a moment about your greed! think about world what is going on. are u blind ? we need to all dry conex. thet gonna be in huge troubles ! maybe it speed up reset , with kind of better rules for ordinary folks
use other brokers to buy while it's low and hold onto it. Hedge Funders getting their buddies to manipulate the system to horde all the money and keep it from working class citizens
proof that the house always wins, calling retailers an 'army' haha...they scared of the common folk, history is cyclical !
Kids, these pumpers are taking advantage over us, trading our money for their benifir without any responsibility. RH did it right stopping robbers and saving our cash
stay mad boot licker
corruption to the highest level- blatant!
At the end of the day its a pump and dump, the smart guys got out and the kids are left with a bag of sick they paid 450 for lol
You should write brokers illigally stopped Buying and only allowed selling foe theie Hedge funds besties. You are disgrace for taking their side... shame on you...
Greed makes people blind. Blood makes wise. Make money, not enimies
How ironic Kirdman.
How ironic Kirdman.
Etoro did the same...
trading 212 also blocked buying, surely illegal.
trading 212 also blocked buying, surely illegal.
Trading 212 did the same...
In fact they are one of the first who have done so
Boycot robinhood
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