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AMC Stock Now Blocked Off By Robinhood

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Retail brokerages, namely the popular Robinhood, has started restricting trading in several stocks caught in the frenzy that has captivated Wall Street and caused big losses for hedge funds this week, CNBC reported. The stocks that are of particular interest include GameStop, AMC Entertainment, BlackBerry, and Koss. “We continuously monitor the markets and make changes where necessary. In light of recent volatility, we are restricting transactions for certain securities to position closing only, including $AAL, $AMC, $BB, $BBBY, $CTRM, $EXPR, $GME, $KOSS, $NAKD, $NOK, $SNDL, $TR and $TRVG. We also raised margin requirements for certain securities,” Robinhood said in a statement.

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