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Motley fool
Why Robinhood and AMC stocks are moving in opposite directions this week
The stock movement meme took a new turn this week after the Robinhood Markets (NASDAQ: HOOD) brokerage app went public through an initial public offering late last week. As many in the investment community may recall, during the retail investor trading frenzy earlier this year that skyrocketed the shares of GameStop (NYSE: GME) and AMC Entertainment Holdings (NYSE: AMC ), Robinhood’s platform was overwhelmed and it had to restrict buying on some of these names. Trading activity has spread to other heavily shorted stocks, or popular social media stocks, including fitness and health drink maker Celsius Holdings (NASDAQ: CELH), and the meme action was born.
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