Rolling coverage of the latest economic and financial news
- Latest: Robinhood has now raised $3.4bn in last week
- Funds will help trading app meet clearinghouse demands
- GameStop falls, but rebounds from lows
- Silver hits $30 for first time since 2013
- Introduction: Silver price soars as retail frenzy continues
- WallStreetBets post argues silver squeeze is hedge fund plot
Hang on… Robinhood have just raised the limit on buying GameStop shares again.
It will now let users hold up to 20 shares in the company, up from 4 earlier this afternoon, (and just one at the start of the day) [full details here].
Robinhood raises trading limit on GameStop further to 20 shares https://t.co/vfEAjBLZMd
These seem to be the new limits on Robinhood stock purchases, with today’s $2.4bn cash injection giving the app more firepower to meet clearinghouse deposit requirements. Update, this post is now out of date…..
Update – Robinhood stock purchase limit right now:
AMC Entertainment $AMC – 75 shares from 10
BlackBerry Limited $BB – 700 shares
Koss Corporation $KOSS – 25 shares from 2
GameStop Corp. $GME – 4 share from 1
Express, Incorp. $EXPR – 200 shares from 20