Commercial information for GameStop is displayed on the Robinhood app, while another screen displays the Robinhood logo in this photo illustration dated January 29, 2021.

Brendan McDermid | Reuters

Robinhood lifted its trading restrictions on Tuesday, giving customers the option to buy up to 100 GameStop shares.

GameStop climbed from its lows when the Robinhood changes were announced. The stationary game retailer’s stocks topped up more than 40%, slipping to around 60% this week.

Robinhood also raised the limits on AMC Entertainment and Express, and Koss, BlackBerry and Genius Brands were no longer restricted.

The restricted list tells customers how many stock and options contracts they can buy on a security.

Robinhood restricts trading in certain stocks

Source: Robinhood

Robinhood customers can now buy 100 GameStop shares, up from the previous limit of 20. However, investors who own more than 100 shares cannot buy any more shares.

Customers can now buy 1,250 shares of AMC Entertainment, up from 350 shares on the trading day. AMC shares fell 40% on Tuesday.

Robinhood customers can now purchase 3,000 Express shares, starting from the 1,000 share limit. Investors can buy up to 12,000 shares of the Naked Brand Group from the previous limit of 6,500. Nokia’s purchase cap is the same at 2,000 shares.

Robinhood began restricting trading in a handful of stocks last week as the Depository Trust & Clearing Corporation’s capital requirements had risen due to the frenzied retail investment frenzy in severely shortened names. Reddit traders drove GameStop stock up more than 400% in an attempt to crush the hedge funds that are shorting out the name.

As GameStop’s shares rose, regulators increased the amount Robinhood would need to deposit into its clearing houses in the event that the deals caused large losses.

Robinhood raised another $ 2.4 billion from investors to help support record customer growth, the company said in a blog post on Monday. This added to the $ 1 billion raised last week to prop up Robinhood’s balance sheet in anticipation of rampant speculative trade. The company also used lines of credit for more funds.