(Reuters) – TD Ameritrade has put in place trading limitations on the shares of AMC Entertainment (NYSE: AMC) Holdings, the retail brokerage showed on Friday.
Trading of the shares will be limited to clients with equity and borrowed funds, TD Ameritrade said, adding that there may be more needs in trading functions due June 11.
The comes as AMC shares oscillated between gains and losses On Friday morning after a meteoric rally that left the company’s shares up about 90% during the week.
AMC in the midst of a wave of purchases through retail investors that boosted inventory on forums like Reddit’s WallStreetBets, reinvigorating the “meme inventory” phenomenon that boosted game store GameStop(NYSE: GME) inventories by as much as 1,600%. January.
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