The New York Stock Exchange, not Robinhood, halted AMC Entertainment’s trading due to the volatility of its stock
A post shared on Facebook claims online trading platform Robinhood stopped AMC Entertainment’s trading during a stock increase on June 2. Verdict: False The New York Stock Exchange (NYSE), not Robinhood, halted AMC Entertainment’s trading due to the volatility of its stock on June 2. Fact Check: AMC Entertainment’s stock closed Wednesday at an all-time high, increasing by 95.2%, according to Reuters. The stock’s sudden increase appeared to stem from Reddit users and AMC Entertainment’s CEO offering shareholders a free large popcorn for signing up for the company’s newsletter, the outlet reported. A Facebook post claims Robinhood on June 2 stopped the trade of AMC Entertainment’s stock while it was experiencing the increase.
