(Reuters) – TD Ameritrade has placed trading limitations on shares of AMC Entertainment (NYSE 🙂 Holdings, the retail brokerage’s website showed on Friday.
Stock trading will be limited to clients with available own capital and not borrowed funds, TD Ameritrade said, adding that there may be some additional requirements on trading options that expire on June 11.
The news comes as AMC shares were shuffled between profit and loss on Friday morning after a skyrocketing rally that left the company’s shares soaring 90% for the week.
AMC has been at the center of a second wave of purchases by retail investors promoting the stock on forums such as Reddit’s WallStreetBets, reinvigorating the “meme stock” phenomenon that made the stock of video game retailer GameStop (NYSE 🙂 January.
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