Robinhood’s Forbidden-Stocks List Saw Price Swings Narrow Monday
- The average change in the 50-stock list was 11% versus 14%
- The group ended the day higher, despite GameStop’s plunge
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Despite a 31% tumble in day-trader hero GameStop Corp. Monday, swings narrowed in the broader group of stocks that Robinhood Markets hit with trading curbs last week.
The average swing -- up or down -- in the 50 stocks the brokerage put on its restricted list narrowed to 11% from 14% on Friday. Overall, even with the GameStop flop, prices in the group rose about 3% Monday as the market rebounded.