Robinhood Eases Stock Trade Restrictions
Robinhood has narrowed its stock trade restrictions from 50 to eight companies on Sunday, including GameStop, Koss Corporation, AMC Entertainment Holdings, Express Inc., Naked Brands Group, Genius Brands International, BlackBerry Limited, and Nokia Corp.
Securities now lifted include Tootise Roll, American Airlines, Starbucks, General Motors, Beyond Meat, Bed Bath & Beyond and Rolls Royce, among others.
According to the company’s support page, investors will be limited to 10 shares and 10 options contracts of AMC, 700 shares and 700 options contracts of BlackBerry, 20 shares and 20 options contracts of Express Inc., 1 share and 5 options contacts of GameStop, 600 shares and 600 options contracts of Genius Brands International, 2 shares of Koss Corp., 600 shares of Naked Brands Group and 2,000 shares and 1000 options contracts of Nokia Corp.
The new restrictions, which are aggregate limits for each security and not per-order limits, include shares and options contracts that an investor already holds. These limits may be subject to change throughout the day. SEE FULL LISTINGS OF RESTRICTED COMPANIES AND KEEP READING