By Shares of GameStop Corp. Cl A (GME) experienced a significant rally on Thursday, increasing by 4.09% to reach $14.52. This positive performance coincided with an overall excellent trading session for the stock market. The S&P 500 Index (SPX) rose by 0.53% to 4,894.16, while the Dow Jones Industrial Average (DJIA) saw a 0.64% increase, reaching 38,049.13.
This upward movement marked a break in the stock’s two-day losing streak. Despite this recent success, GameStop Corp. Cl A closed $13.13 short of its highest price in the past 52 weeks, which was $27.65 back on June 13th.
In comparison to its competitors, GameStop Corp. Cl A outperformed them on Thursday. While Apple Inc. (AAPL) saw a slight decline of 0.17% to $194.17, AT&T Inc. (T) experienced a notable rise of 3.00%, reaching $17.18. Similarly, Best Buy Co. Inc. (BBY) had a positive day with a 2.56% increase to $75.21.
Despite the stock’s impressive rally, trading volume remained below average. With a volume of 3.6 million shares, it fell short of the 50-day average of 7.0 million shares.
Comments