Stocks surge on above-average volume, with AMC and GameStop top

GameStop Corp NYSE: GME and AMC Entertainment Holdings Inc. NYSE: AMC are two of the favorite stocks among retail investors, which are surging higher Wednesday morning on above-average volume.

Some of the strength can be attributed to the overall markets, as stocks rebounded Wednesday after bouts of weakness related to rising yields and Fed tapering concerns.

Robinhood Markets Inc. NASDAQ: HOOD released a blog post Tuesday in which the company outlined the steps it is taking to ensure trading restrictions are not required in the future.

Last year, during the famed short squeeze, Robinhood put restrictions on GameStop and AMC, as well as a number of other companies that were experiencing high levels of volatility.

Robinhood said we don't want our customers to be surprised with trading restrictions again.

Robinhood had a net capital position of $2.7 billion, a stronger foundation of compliance and risk infrastructure, and an increasing size of its customer support team.

The retail investing revolution has shown that a new generation of investors wants their voices heard. Robinhood said that the work has only just begun.

According to Benzinga Pro, GameStop's average session volume is about 2.9 million over a 100 day period. Wednesday's trading volume had already exceeded 4 million at the time of publication. AMC is also experiencing elevated volume levels.

Both stocks are trending across social media platforms. GameStop was the top trending stock on Stocktwits at the time of publication.

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GME, AMC Price Action: GameStop was up 14.5% at $114.18 and AMC was up 10.7% at $17.74 at the time of publication.