what does this stock is not supported on robinhood mean

Next the shills will be out in full force. View discussions in 2 other communities.

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Like a call option the buyer has the right but is not obligated.

. Most people who buy penny stocks have heard of trading platforms like Interactive Brokers ETrade and TD Ameritrade. Robinhood to the moon. I have shares of STS but the app now shows it as Not Supported I also do not see that they sold my stockits just grayed out.

Trading on the London Stock Exchange the firm is one of the largest hedge fund companies in the world and is known for its quantitative absolute return strategies. Robinhood doesnt support stocks that are traded on a foreign exchange or that have been delisted and are traded OTC. The company said in a regulatory filing.

A company performs a stock split to increase or decrease the number of shares it has in the market. Once a stock delists the in-app market data will no longer reflect the current trading price. Information is from sources deemed reliable on the date of publication but Robinhood does not guarantee its accuracy.

A put option is a contract between two parties that grants the option holder the right to sell stock at an agreed price on or before an agreed date. But there are a few more things to consider when it comes to penny stocks. Robinhood users who try to purchase shares of the GameStop stock are presented with a message saying This stock is not supported on Robinhood According to Motherboard 56 of Robinhood users own shares in GameStop and cannot do anything with them.

If you place more than three day trades within a five-day trading period Robinhood marks you as a Pattern Day Trader PDT and you cant place any day trades for 90 days unless you bring your account equity above 25000. Robinhood users who try to purchase shares of the GameStop stock are. The stock market is an umbrella term for these markets.

Robinhood states that this restriction helps protect its investors from taking on too much risk especially new investors with limited equity. Does anyone know what Robinhood does with your stocks if they become unsupported. What happens if a stock is not supported on Robinhood.

This stock is not supported on Robinhood read a typical pop-up alert for users who tried to buy. There are actually a few reasons why a stock may not be supported on Robinhood. But the overwhelming data supporting Robinhoods.

Robinhood and its CEO Vlad Tenev were at the center of a market and cultural phenomenon this year when conversation in Reddits WallStreetBets community drove trading in stocks including. Purchased Stock Becomes Not Supported. It is a foreign security that may incur additional fees and is not supported by Robinhood.

The seller of a put option has the obligation to buy the underlying stock at the strike price if the option is assigned. The stock market is a broad term that encompasses a collection of markets where the regular buying selling and issuance of stocks in publicly held companies takes place. You can buy penny stocks on Robinhood by opening up the app finding the stock you like and tap Buy.

And the overall market value of the position will remain the same. If a stock that you own delists youll be able to sell it in the market but you wont be able to purchase additional shares. HOOD didnt get pumped from all the hype.

Man Group EMGL Man Group is an example of a notable overseas stock that is not available to US investors through OTC equivalent shares and therefore not available on Robinhood. Robinhood abruptly restricts transactions for GameStop stock. However Robinhood made the surprising move to restrict buying GameStop citing issues with volatile stock and regulatory requirements.

Also companies that are undergoing a merger or a stock split will result in their stocks appearing as temporarily unsupported by Robinhood. When a company decides to execute a forward stock split the number of outstanding shares will increase while the stocks price will decrease. The stock market is made up of various individual stock exchanges.

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