GameStop, AMC stocks rally Friday as Robinhood allows limited buying – MarketWatch

GameStop Corp.
GME,
+77.38%

and AMC Entertainment Inc.
AMC,
+60.37%

shares burst out of the gate in early Friday trading as an army of social-media rallying retail investors sought to stick it to established Wall Street firms. GameStop shares leapt 113% to $413.98 and AMC shares surged 85% to $16.00 at Friday’s open following a late Thursday announcement from online trading platform Robinhood that it would allow limited buying of volatile stocks for now. The frenzy for buying up downtrodden stocks hasn’t just been limited to GameStop and AMC. Siebert Financial Corp.
SIEB,
+196.12%

shares more than tripled out of the gate on no news, and BB Liquidating Inc.
BLIAQ,
+42.71%
,
the holding company of long-bankrupt Blockbuster Video that lives on as a penny stock, has surged more than 1,000% over the past week alone, and was up more than 70% at the open at 14 cents a share.

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