Robinhood, Riding High On App Store, Halts GameStop And AMC Trades
In the midst of a stock surge that has taken the financial world by storm, the popular stock-trading site Robinhood has halted trades of the key stocks at the center of the story. This comes as the Robinhood app itself is surging in popularity, along with Reddit where the trades are being organized.
Bloomberg reports that several clients have said they’ve been unable to trade GameStop Corp. or AMC Entertainment Holdings Inc. stocks. Instead, those stocks are being given a “not supported” note. This follows a similar stoppage from TD Ameritrade.
Robinhood has now issued a statement on its policy, chalking it up to monitoring for market volatility.
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