Naked Brand logo

NAKD - Naked Brand News Story

$0.596 0.1  18.4%

Last Trade - 13/05/21

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £170.4m
Enterprise Value £193.5m
Revenue £42.0m
Position in Universe 4348th / 6856

UPDATE 1-Robinhood raises trading limit on five companies

Tue 2nd February, 2021 4:51pm
(Adds details from blog, background)
    Feb 2 (Reuters) - Online trading platform Robinhood said on
Tuesday it had raised trading limits on stocks of five
companies, including GameStop Corp  GME.N  and AMC Entertainment
Holdings Inc  AMC.N .
    The trading limit on GameStop shares was increased to 100
from 20, while restrictions on Express Inc  EXPR.N , Naked Brand
Group Ltd  NAKD.O  and Nokia  NOK.N  were also eased, according
to an update on Robinhood's website.
    The online broker, one of the hottest venues in last week’s
retail-trading frenzy, had put temporary buying restrictions on
a small number of securities as clearing house-mandated deposit
requirements for equities increased ten-fold.  
    The move had drawn the ire of retail investors who were
pouring money into certain stocks that were being heavily
shorted by hedge funds following calls by Reddit thread
WallStreetBets.   urn:newsml:reuters.com:*:nL1N2K4076
    However, Robinhood still recorded more downloads than any
other U.S. trading app last week, according to market research
data providers.  urn:newsml:reuters.com:*:nL1N2K8002
    

 (Reporting by Niket Nishant in Bengaluru; Editing by Aditya
Soni)
 ((Niket.Nishant@thomsonreuters.com;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.