GameStop Corp. Cl A Shares Inch Higher

by Warren Seah

GameStop Corp. Cl A (ticker: GME) saw a slight increase of 0.72% in its shares on Wednesday, reaching a price of $14.08. This gain comes amidst a generally disappointing trading session for the stock market. The S&P 500 Index (ticker: SPX) dropped by 0.56% to 4,739.21, while the Dow Jones Industrial Average (ticker: DJIA) experienced a decrease of 0.25% to 37,266.67.

Breaking its three-day losing streak, GameStop’s stock performance proved to be better than some of its competitors. Apple Inc. (ticker: AAPL) declined by 0.52% to $182.68, AT&T Inc. (ticker: T) saw a drop of 0.18% to $16.41, and Best Buy Co. Inc. (ticker: BBY) experienced a decrease of 1.00% to $71.14.

At the closing bell, GameStop Corp. Cl A fell $13.57 short of its 52-week high, which it reached on June 13th at $27.65.

Despite the modest gain in share price, trading volume remained lower than average. On Wednesday, the trading volume was 2.7 million shares, which is 4.2 million shares below the 50-day average volume of 6.9 million shares.

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