Robinhood shuts customers out of buying shares of MoviePass’ parent company after the stock crashed more than 99.99% (HMNY)
|08/13/2018||Posted by BusinessMediaguide.Com under General World News||
- Robinhood is suspending new purchases of Helios & Matheson, the parent company of MoviePass, after the stock’s drastic 99.99% crash.
- “In order to protect our customers from the risks associated with some low-priced stocks, we remove the buy option for stocks like HMNY that consistently trade under $0.10,” the company said in an email to customers.
- Follow HMNY’s stock price in real-time here.
Helios & Matheson, the parent company of MoviePass’, won’t be getting any new investors on Robinhood.
The free stock-trading app said Monday that it would not allow users to buy shares of the company, but that they read more >>>