Name: Robinhood eases trading limits on restricted stocks, customers can buy 100 GameStop shares now
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Robinhood eases trading limits on restricted stocks, customers can buy 100 GameStop shares now

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Key PointsIn this articleRobinhood on Tuesday rolled back more of its trading limitations, now allowing clients to buy up to 100 shares of GameStop. climbed off the lows as the&nbsp;Robinhood&nbsp;changes were announced.&nbsp;Shares of the brick-and-mortar game retailer tanked 60% on Tuesday, bringing its decline to more than 70% this week.5 months agoRobinhood also raised the limits on and and . and G were no longer being restricted.&nbsp;tells clients how many shares and options contracts they can buy for a security.Robinhood clients can now buy 100 shares of GameStop, up from the previous limitation of 20. However, investors who own more than 100 shares can't buy one more share of the stock.Clients can now buy 1,250 shares of AMC Entertainment, up from the 350 earlier in the trading day. Shares of AMC dropped 41% on Tuesday.Robinhood clients can now buy 3,000 shares of Express, up from the 1,000 share limit. Investors can buy up to 12,000 shares of up from the previous restrictions of 6,500. 's buying cap is the same at 2,000 shares.Robinhood started restricting a trading of a handful of stocks last week amid an increase in capital requirements from the Depository Trust &amp; Clearing Corporation due to the retail investing frenzy in heavily shorted names. Reddit-fueled traders drove GameStop's stock up more than 400% in an effort to crush the hedge funds shorting the name.However, while GameStop's stock rose, regulatory bodies increased the amount that Robinhood needed to deposit at its clearinghouses in case the trades caused large losses.Robinhood raised another $2.4 billion from investors to support its record customer growth,&nbsp;&nbsp;This added to the $1 billion raised last week to shore up Robinhood's balance sheet in anticipation of the rampant speculative trading. The company also tapped credit lines for more funds.How the recent retail investor frenzy could impact Robinhood's IPO

Key PointsIn this articleRobinhood on Tuesday rolled back more of its trading limitations, now allowing clients to buy up to 100 shares of GameStop. climbed off the lows as the&nbsp;Robinhood&nbsp;changes were announced.&nbsp;Shares of the brick-and-mortar game retailer tanked 60% on Tuesday, bringing its decline to more than 70% this week.5 months agoRobinhood also raised the limits on and and . and G were no longer being restricted.&nbsp;tells clients how many shares and options contracts they can buy for a security.Robinhood clients can now buy 100 shares of GameStop, up from the...

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Maggie Fitzgerald

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Robinhood eases trading limits on restricted stocks, customers can buy 100 GameStop shares now

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