Finance

Robinhood to continue trading limits on Monday, customers can still only buy one GameStop share

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The GameStop Corp. logo on a laptop computer and Robinhood application on a smartphone.

Tiffany Hagler-Geard | Bloomberg | Getty Images

Robinhood will continue to limit trading on Monday in short-squeeze names like GameStop that have experienced explosive rallies and unprecedented volatility over the past week.

Customers can only buy one share of GameStop’s stock and five options contracts. However, the millennial-favored stock trading app did cut down its list of restricted stocks from as many as 50 on Friday to eight starting Monday.

“The table below shows the maximum number of shares and options contracts to which you can increase your positions,” Robinbood said in a updated help center…



Source cnbc.com

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