After brokerages resumed trading in their stocks, shares of GameStop (NYSE: GME) , Express (NYSE: EXPR) , and Naked Brand Group (NASDAQ: NAKD) surged 68%, 28%, and 19%, respectively, on Friday.
Following several days of volatile trading, Robinhood and other trading platforms placed restrictions on their customers' ability to buy shares of GameStop and other highly shorted stocks. That resulted in an outcry from investors and lawmakers alike. Robinhood quickly backtracked and allowed its users to buy shares of these companies again on Friday, though in limited amounts.
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Why GameStop, Naked Brand Group, and Express Stocks Soared Today