By GameStop Corp. Cl A (GME) experienced a 3.14% decline in share prices on Thursday, adding to a series of losses it has faced recently. The overall trading session proved to be somber for the stock market, with the S&P 500 Index (SPX) falling by 1.35% to 4,376.31 and the Dow Jones Industrial Average (DJIA) dropping 1.08% to 34,099.42.
Continued Decline
This marks the third consecutive day of losses for GameStop Corp. Cl A. The company’s shares closed at $16.36, a significant $18.63 lower than its 52-week high of $34.99, which it achieved on October 31st.
Underperformance Compared to Competitors
In comparison to its competitors, GameStop Corp. Cl A did not fare well on Thursday. Apple Inc. (AAPL) experienced a decrease of 2.62% to $176.38, AT&T Inc. (T) saw a slight dip of 0.07% to $14.15, and Best Buy Co. Inc. (BBY) suffered a 2.10% decline, closing at $73.13.
Above-Average Trading Volume
On Thursday, GameStop Corp. Cl A had a higher-than-average trading volume of 3.6 million shares, surpassing its 50-day average volume of 2.9 million shares.
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