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