E-Trade won’t let you buy GameStop and AMC stock either, reports now say

[The Verge RSS]

Author: Jay Peters

Photo by Justin Sullivan / Getty Images

Financial services company E-Trade has restricted purchases of GameStop and AMC stock, a source tells Bloomberg. The two stocks have become popular on forums like the r/WallStreetBets subreddit and seen their prices skyrocket to unprecedented highs over the past week. (GameStop hit $483 earlier on Thursday and briefly went above that during the day. Last Thursday, the stock closed at $43.)

We’ve seen users on Twitter report that they have been unable to buy the stocks as well.

eTrade is also prohibiting buying Gamestop.

— Thomas Wicklund (@tgwicklund) January 28, 2021

You too @etrade? Went the #RobinhoodApp route. #GameStop pic.twitter.com/JNkO09KIre

— Yeah, good. Okay. (@oviera) January 28, 2021

Can confirm#GameStop #...

Continue reading…

Continue reading...