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Can't buy them
- Robinhood users can sell GameStop shares, but they can't buy them. Find out why. Robinhood is an online brokerage firm that prides itself on making it easy to buy and sell stocks. But if you're a user of this popular trading platform, you'd have found it impossible to buy a few specific stocks on Thursday.
www.fool.com › the-ascent › buying-stocksWhy Did Robinhood Shut Down GameStop Trading? - The Motley Fool
Sign up for a Robinhood brokerage account to buy or sell GameStop stock and options commission-free. Other fees may apply. See Robinhood Financial's fee schedule to learn more.
People also ask
Can Robinhood users sell GameStop shares?
Can You Buy GameStop (GME) from Robinhood?
Why did Robinhood stop trading GameStop stock?
Did Robinhood exaggerate the volatility of GameStop stock?
Jan 28, 2021 · On Jan. 28, Robinhood suspended the ability to buy shares of GameStop. App users were allowed only to sell their positions, not open new ones or add to their existing holdings in GME.
- Christy Bieber
- Why Are These Stocks Soaring?
- How Much Higher Could They Go?
- Should I Buy Shares of Gamestop Or Any of The Other High-Flying Stocks?
The short answer is that we're seeing a massiveshort squeeze. Some big investors (hedge funds) sold many shares of GameStop short, which means that they borrowed shares to sell, hoping to buy them back at a lower price and make a profit. When more investors are trying to cover short positions than there are shares for sale, we get a short squeeze, ...
There are a few important principles investors should keep in mind when it comes to short squeezes. 1. There is no upper limit to how long a short squeeze can last or how high it can go. So, if you're thinking of opening a short position to bet against the recent movement, I'd strongly suggest thinking twice. 2. Stocks can move down just as fast wh...
The short answer is probably not. GameStop has already gone from a low of under $3 to a share price of $357 as I write this. And it has moved in a $131 trading range today alone. The bottom line is that participating in a short squeeze in GameStop, AMC, or any of the other stocks that are rallying based on something other than company-specific news...
Mar 17, 2021 · However, Robinhood made the surprising move to restrict buying GameStop citing issues with volatile stock and regulatory requirements. Due to its part in the trading frenzy, Robinhood has been...
Feb 1, 2021 · Starting today, users can purchase up to 20 shares of GameStop (GME). These changes were outlined in a post made to Robinhood’s website titled “Changes due to ongoing market volatility.”
Feb 1, 2021 · Although it eventually relented, the trading app has announced it is issuing new rules because of the market volatility, and it will let you buy only one share of GameStop's stock.
Feb 16, 2021 · Robinhood’s users blamed the brokerage for suspending the trading of GameStop stock and other securities last month, amid a buying frenzy kick-started by retail traders on a Reddit forum.
