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Robinhood Narrows Trading Restrictions to Eight Companies (3)

Feb. 1, 2021, 9:45 AM

Robinhood Markets Inc.reduced the number of companies with trading restrictions to eight from 50, ahead of Monday’s trading session, according to an update on its website.

The current list includes GameStop Corp., AMC Entertainment Holdings Inc., BlackBerry Ltd., Express Inc., Genius Brands International Inc., Koss Corp., Naked Brand Group Ltd. and Nokia Oyj.

Opening new positions in these securities is limited, according to Robinhood’s website, which listed the maximum number of shares and options contracts each user can hold. For those whose current holdings already exceed the limits, their positions won’t be sold or closed.

Robinhood put buying ...