A hedge fund bought the company, sold off all the land Red Lobster restaurants are located on, leased the land back to Red Lobster, and jacked the rent. Just so you know what is really going on here
I see a lot of people saying that Brokerages if they wanted to restrict the buys, should restrict the sell as well. Keep in mind, they aren't the only brokerages that trade, and the ramification of restricting sell is so much worst if people see stock fall and can't get out.
@FanHOTS I agree. Had a bit in Bitcoin miners though which I sold early today with the dip, although it recovered a bit mid day, but now falling again after market. Just exiting out of that space for now considering how volatile and dependent of Bitcoin movement it is.