(Finance) – Robinhoodpopular app for small investors and Nasdaq-listed company, must addressing demands for market manipulation for the restrictions it imposed on trading during the “meme stock mania” last year, as determined by a US judge. A Miami judge said investors in GameStop, AMC Entertainment, and seven other titles can proceed with one class actionarguing that the restrictions artificially increased the supply of shares, according to the measure seen by Reuters.
Meme stock mania refers to that period in which GameStop, AMC Entertainment and other companies were pushed to triple-digit increases by the purchases of retail investors coordinating online. Robinhood it had temporarily prohibited clients from purchasing certain securities equity in January 2021.
Improve the performance of Robinhood Marketswhich stands at 10.61, with an increase of 0.30%. Operationally, expectations are for a continuation of the day in a positive sense with resistance seen at 11.07 and later at 11.77. Support at 10.38.