[Reuters]–US game sales GameStop plunged about 45% in trading on the morning of the 28th. There was a scene where it rose in the early stages, but it turned down due to restrictions on trading of the same stock by online securities companies such as Robin Hood and Interactive Brokers.
GameStop has skyrocketed by 1700% in the last two weeks as a result of widespread calls for individual investors to buy GameStop shares in the chat room “Wall StreetBets” of the SNS (exchange site) “Reddit.”
In addition to the game stop, Robin Hood has restricted transactions such as AMC Entertainment Holdings, a major US cinema chain that has also jumped this week, Canadian software company Blackberry, and stereo headphone maker Kos.
Interactive Brokers acknowledged that “I’m not sure this situation will go away” until the stock exchanges and regulators take some action.
With the response of online brokerage firms, there is growing criticism on social media that they are neglecting the main street (real economy) in order to protect the interests of Wall Street (financial giant).
Reddit’s WallStreetBets, which triggered the buying of individual investors, was temporarily closed on the 27th, and GameStop, AMC, Kos, and BlackBerry all fell in after-hours trading. The strength of the influence of the chat room was highlighted.
However, it seems that the rise led by social media is continuing, and American Airlines, a major US airline, temporarily rose by more than 20% in the transaction on the 28th.
Paul Norte, portfolio manager at Kingsview Asset Management, said, “This is the second gamestop. A corner of short-selling investors and investors looking for short-selling opportunities is driving stock prices.” ..
The Securities and Exchange Commission (SEC) Chairman Clayton told CNBC, “The US market is the most transparent in short-selling surveillance, as stock prices soar, such as game stops, calling for tighter regulation. But there is always room for improvement. “
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