Robin Hood trading resumed, 30% increase outside game stop hours (complementary)

People are passing by in front of the Gamestop store in Manhattan, New York, USA. © AFP=News1 © News1 Reporter Park Hyung-ki

Shares such as Gamesta and AMC Entertainment, which had plunged in the regular market, are rebounding in after-hours trading.

According to the US economic media CNBC on the 28th (local time), it is attributed to the announcement that the stock trading brokerage platform’Robin Hood’, which is used by individual investors, will resume stock trading by US individual investors, which was limited for the day.

Gamestop is trading at $247, a 28% increase in after-hours trading after closing at $193.60, down 44% on the regular market. Share prices of AMC Entertainment and Blackberry have plunged 56% and 41%, respectively, and are rising 26% and 9% in after-hours trading.

Earlier in a statement, Robin Hood said in a statement, “We plan to buy limited gamestop stock from the next day. We will be able to keep an eye on the situation and adjust it as necessary.”

Robin Hood said, “This measure is to protect investors and the market,” and “We are responsible for taking this measure seriously.”

In the current stock market, there is a blood battle between individual investors (ants) and hedge fund companies, which are the forces of short selling.

Individual investors support each other through the’Wall Street Betz’ bulletin board, which is a Reddit discussion room, and inflict tremendous losses on hedge fund companies by continuing to buy stocks against the downside bets of hedge funds.

There are also regulatory movements from financial authorities. The Federal Stock Exchange (SEC) has launched an investigation into the alleged manipulation of the stock price of Wall Streetbetts users.

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