Baller Alert
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
No Result
View All Result
Baller Alert
No Result
View All Result

Robinhood Announces Stock Trading Restrictions On GameStop, AMC, BlackBerry and More

by Iesha
January 28, 2021
Reading Time: 1 min read
0
Robinhood Introduces Prediction Markets, Letting Users Bet on Event Outcomes

robinhood

Share on FacebookShare on Twitter

The Robinhood online trading platform is moving to block trading in some stocks that have recently soared due to smaller investors’ aggressive purchases.

As a voluntary army of investors on social media challenged large institutions that had placed market bets that the stock would fall, GameStop stock rose from below $20 earlier this month to more than $400 on Thursday.

On Thursday, Robinhood announced the constraints that investors would only be able to sell their positions and not open new ones in some cases, and they would try to slow down the amount of trading with borrowed money.

Besides GameStop, the company said other stocks such as AMC Entertainment, Bed Bath & Beyond, BlackBerry, Nokia, Express Inc., Koss Corp., and Naked Brand Group would be affected by the new restrictions.

Large institutions like Citron Research and Melvin Capital made bets that the GameStop shares would drop as the company attempts to transform itself from an in-store retailer to an online video game seller.

Small investors, however, decided to join the stock. Buying stock increases the price, which forces the big players to cover their bets, increasing the price even more.

The stated objective of Robinhood is to “democratize” investment and bring in investment by more regular individuals. But the company has run afoul of regulators who say that the company minimizes trading risks. Robinhood says it is making moves to better educate its users about those hazards.

 

Share this:

  • Click to share on X (Opens in new window) X
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on Mastodon (Opens in new window) Mastodon
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Pinterest (Opens in new window) Pinterest

Like this:

Like Loading...

Discover more from Baller Alert

Subscribe to get the latest posts sent to your email.

Tags: AMCgamestopNewsrobinhoodstock market

Related Posts

JD Vance Says Elon Musk Calling Out Trump Is a “Huge Mistake” [Video]
News

JD Vance Says Elon Musk Calling Out Trump Is a “Huge Mistake” [Video]

June 8, 2025

JD Vance didn’t hold back in defending Donald Trump during an interview this week, pushing back against Elon Musk’s recent...

Trump Threatens National Guard Deployment Amid ICE Protests in Los Angeles [Video]
News

Trump Threatens National Guard Deployment Amid ICE Protests in Los Angeles [Video]

June 7, 2025

Hundreds of protesters clashed with federal immigration agents in Paramount, California, and now, the Trump administration says it will deploy...

Latinas for Trump Co-Founder Ileana Garcia Slams Trump’s Immigration Raids: “This Ain’t What We Voted For”
News

Latinas for Trump Co-Founder Ileana Garcia Slams Trump’s Immigration Raids: “This Ain’t What We Voted For”

June 7, 2025

Florida State Senator Ileana Garcia, the Cuban-American powerhouse who co-founded Latinas for Trump, is breaking her silence—and her loyalty. After...

Trump Warns Elon Musk of “Serious Consequences” If He Backs Democrats
News

Trump Warns Elon Musk of “Serious Consequences” If He Backs Democrats

June 7, 2025

Donald Trump warned Elon Musk that he’ll face “very serious consequences” if he gives money to Democrats running against Republicans...

Next Post
Closed Forever

As The Pandemic Continues, More Than 10,000 Stores Are Set To Close in 2021

Leave a ReplyCancel reply

Baller News

Subscribe To Our Newsletter

* indicates required

Follow Us

Subscribe to Blog

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

© Copyright 2024, Baller Alert Inc. All Rights Reserved

No Result
View All Result
  • Home
    • News
    • Entertainment
    • The Baller Alert Show
    • Baller Alert Lists
    • Baller Alert Exclusives
    • Let Me Liv
    • Ballerific Music
    • That’s Baller
    • Fashion
    • Metaverse
    • Tech
    • Lifestyle
    • Sports
    • Op-Ed
    • Travel
    • Health
  • EVENTS
  • Videos
  • Shop
  • About
  • Political News
  • en español
%d