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Brokerages limit trading in GameStop, sparking outcry - Wilmington News Journal

Brokerages limit trading in GameStop, sparking outcry
By Alex Viega - AP Business Writer
Robinhood and other retail brokerages took steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility in the market and an outcry from users of the platforms and some members of Congress who say small investors are being treated unfairly.
GameStop stock has rocketed from below $20 earlier this month to close around $350 Wednesday as a volunteer army of investors on social media challenged big institutions who had placed market bets that the stock would fall.
The action was even wilder Thursday: The stock swung between $112 and $483 before closing down 43.2% at $197.44. It then shot back up 60% in after-market trading. ....

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Brokerages Limit Trading in GameStop, Sparking Outcry | Big Horn Radio Network

Written by Associated Press on January 28, 2021
Robinhood and other retail brokerages are taking steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility and an outcry from users of the platforms and some members of Congress that small investors are being treated unfairly.
GameStop stock has rocketed from below $20 earlier to close around $350 Wednesday as a volunteer army of investors on social media challenged big institutions who had placed market bets that the stock would fall.
The action was even wilder Thursday: The stock swung between $112 and $483. At midday it was down 27% at $255. ....

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Sites restrict stock trading in GameStop, other companies

Sites restrict stock trading in GameStop, other companies
startribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from startribune.com Daily Mail and Mail on Sunday newspapers.

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Outcry as brokerages limit trading in GameStop

Outcry as brokerages limit trading in GameStop
28 Jan, 2021 07:08 PM
5 minutes to read
Other
Robinhood and other retail brokerages are taking steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility and an outcry from users of the platforms and some members of Congress that small investors are being treated unfairly.
GameStop stock has rocketed from below US$20 earlier to close around US$350 Wednesday as a volunteer army of investors on social media challenged big institutions who had placed market bets that the stock would fall.
The action was even wilder Thursday: The stock swung between US$112 and US$483. At midday it was down 27 per cent at US$255. ....

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GameStop stock frenzy: Robinhood, others limit trading, sparking lawsuit and Senate panel hearing

GameStop stock frenzy: Robinhood, others limit trading, sparking lawsuit and Senate panel hearing
Published
Wall Street: Short selling and short squeezes explained
In most cases, profits are made in the stock market as the price of a share rises. But short sellers can make money as value drops and lose money as it rises.
WASHINGTON - Robinhood and other retail brokerages are taking steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility in the market and an outcry from users of the platforms and some members of Congress who say small investors are being treated unfairly. ....

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