UPDATE: Robinhood lifts trading restrictions on GameStop, AMC stock

Public Storage

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PSA-M Public Storage

BDX Becton Dickinson and Co

GGN GAMCO Global Gold, Natural Resources & Income Trust

GUT Gabelli Utility Trust

CHD Church & Dwight Co Inc

CHY Calamos Convertible & High Income Fund

CHW Calamos Global Dynamic Income Fund

CCVIX Calamos Convertible Fund Class A

ETY Eaton Vance Tax-Managed Diversified Equity Income Fund

ETB Eaton Vance Tax-Managed Buy-Write Income Fund

Real Estate : Equity Real Estate Investment Trusts (REITs) | Large Cap Blend

Company profile

Public Storage is a real estate investment trust (REIT). The Company's principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space. The Company's segments include Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. (PSB) and Investment in Shurgard Europe. As of December 31, 2016, the Company had direct and indirect equity interests in 2,348 self-storage facilities (with approximately 154 million net rentable square feet) located in 38 states in the United States operating under the Public Storage name.

UPDATE: Robinhood lifts trading restrictions on GameStop, AMC stock

11:40 pm ET February 4, 2021 (MarketWatch) Print

By Mike Murphy

Online trading platform Robinhood removed trading restrictions on shares of GameStop Corp. and AMC Entertainment Inc. late Thursday.

"There are currently no temporary limits to increasing your positions," Robinhood's website (https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/?region=US) said Thursday night.

Last week, Robinhood sparked fury -- and lawsuits (https://www.marketwatch.com/story/some-furious-robinhood-users-are-suing-but-theres-potentially-a-big-road-block-in-their-way-to-court-11611950777) -- from some users by restricting trading (https://www.marketwatch.com/story/gamestop-amc-halted-after-a-minute-of-trading-as-shares-retreat-from-massive-gains-11611844823) of 50 highly volatile stocks that were heavily shorted. That list was whittled down to eight on Sunday (https://www.marketwatch.com/story/robinhood-slims-restricted-list-to-8-stocks-but-users-can-still-only-buy-1-share-of-gamestop-11612139243), and by Thursday just GameStop and AMC remained. Earlier Thursday, GameStop had a 500-share purchase limit, while AMC had a 5,500-share limit.

The easing of restrictions comes as the massive wave that lifted GameStop, AMC and others appears to be crashing amid increasing regulatory scrutiny. After hitting an all-time high of $483 on Jan. 28, GameStop shares (GME) sank 42% on Thursday to close at $53.50, and are down 84% this week. AMC's stock (AMC) is off 47% this week, closing Thursday down 21%, to $7.09.

Treasury Secretary Janet Yellen met with top financial regulators Thursday (https://www.marketwatch.com/story/yellen-meets-with-regulators-over-gamestop-volatility-vows-to-protect-investors-11612480534?mod=home-page) and vowed to protect investors and maintain "fair and efficient markets."

The highly volatile trading was spurred by online commenters, especially on Reddit, who bought shares in a number of companies to spoil short-sellers' positions.

-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

February 04, 2021 23:40 ET (04:40 GMT)