GameStop Rally Reignites as Retail Traders Step Back In

GameStop, AMC shares advanced after Thursday’s record drops
Robinhood raises limits on purchases of 50 stocks and options

Watch: Vlad Tenev, co-founder and chief executive officer at Robinhood Markets, discusses why he decided to restrict buying on 13 securities on the platform, the criticism he and the platform have endured and his business strategy. (Source: Bloomberg)

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By Bailey Lipschultz

January 28, 2021 at 7:46 PM EST

Updated on

January 29, 2021 at 6:12 PM EST

This article is for subscribers only.

GameStop Corp. dipped in extended trading after rising nearly 70% on Friday, wrapping up a week of wild swings as retail investors returned to the stock after trading restrictions on the company were lifted.

The shares at the center of the retail craze that’s gripped Wall Street and drawn scrutiny from Washington, rallied after Robinhood Markets’ decision to lift some curbs that prevented investors on Thursday from buying the stocks that had been going straight up for days.

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