Amc Stock Halted Today

GameStop and AMC Halted for Trading 38 Times on Tuesday

Halt Times Displayed are Eastern Time ET

News Pending, News Dissemination and Limit Up Limit

GameStop (GME) and AMC Entertainment (AMC) were halted for trading 38 times on Tuesday. In the case of GameStop, during most of the regular trading day, its shares were halted whenever their price moved 10% or more in either direction. AMC stock soared 33% on Monday after a court ruling denied AMC's move to convert some of its preferred shares into common stock.

The halts are part of a broader effort by the New York Stock Exchange to prevent extreme volatility in the stocks of these two companies. GameStop and AMC have been the subject of intense trading activity in recent weeks, with their prices fluctuating wildly. The halts are intended to give traders time to assess the situation and make informed decisions about whether to buy or sell.

The halts have been controversial, with some traders arguing that they are unfair and prevent them from profiting from the volatility in the stocks. However, the NYSE has defended the halts, saying that they are necessary to protect investors and maintain the integrity of the market.

The halts are likely to continue until the volatility in GameStop and AMC's stocks subsides. In the meantime, traders should be aware of the potential for halts and factor them into their trading strategies.