Small investors behind surge in GameStop, other shares hit by curbs


GameStop, the video game retailer whose 1,700% rally has been at the heart of the slugfest in the past week.

BENGALURU: An army of retail investors that has routed Wall Street's professionals in recent days was dealt a blow on Thursday, after online brokerages restricted purchases of red-hot GameStop and other stocks that had soared this week.

But the shares rebounded in after hours trading, resuming their advances after Robinhood Markets Inc and Interactive Brokers said they planned to lift the restrictions on Friday.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

What is Unitree and why are China’s humanoid robot makers racing to list?
Intel launches US$15bil share sale as turnaround rally lifts stock
United Asiapac Energy IPO oversubscribed 21 times
MN Holdings secures RM122.31mil underground cable contract from TNB
Sheng Long invests RM140mil to build its first aquaculture food factory in Taiping
Ringgit steady vs US dollar as investors await key US data
Hup Seng records higher 2Q earnings
Inta Bina secures RM115.65mil construction contract
Hextar Portfolio makes RM0.43 per share takeover offer for Hextar Retail
Well Chip plans new pawnshops to drive growth

Others Also Read