Why BlackBerry inventory Is Off to the Races on Friday | The ...

What came about

Shares of application company BlackBerry constrained (NYSE:BB) are enjoying their third straight day of inventory market gains -- indeed, their strongest beneficial properties of the streak -- Friday, up 9.9% in 12:45 p.m. EST trading.

that you could probably thank Robinhood for that.

picture source: Getty images.

So what

if you've missed the story -- been hibernating, possibly? -- the previous few weeks were quite...wonderful for investors in the sorts of heavily shorted stocks favored via traders on the Robinhood stock buying and selling app, and actively on Reddit's WallStreetBets. the first 4 weeks of January saw BlackBerry inventory more than quadruple in price as Robinhood traders worked in concert to "squeeze" traders who had shorted BlackBerry stock.

That rally came to an abrupt conclusion closing week, despite the fact, when Robinhood started restricting its consumers' potential to buy shares of certain shares -- BlackBerry amongst them. In a single buying and selling day closing Thursday, BlackBerry lost 42% of its market cap.

Now what

Robinhood's clients were not amused.

Responding to consumer complaints, though, on Tuesday this week, Robinhood lifted buying and selling restrictions from BlackBerry stock and, as of these days, the broking service confirms that "there are currently no temporary limits to expanding your positions" in any stock.  

merchants nowadays seem to be taking that as a green easy to renew purchasing, and resume squeezing the shorts -- and BlackBerry stock is off to the races once again.