Shares of GameStop Corp. Cl A (GME) rose 5.82% to $18.37 on Wednesday, marking the stock's second consecutive day of gains. The overall stock market also enjoyed a positive trading session, with the S&P 500 Index rising 0.14% to 4,781.58 and the Dow Jones Industrial Average increasing by 0.30% to 37,656.52.
Retains Strong Position Below 52-Week High
GameStop Corp. Cl A closed at $9.28 below its year-long peak of $27.65, achieved on June 13th. Despite this, the stock continues to maintain a resilient position in the market.
Outperforming Competitors
In comparison to its competitors, GameStop Corp. Cl A's performance stood out on Wednesday. Apple Inc. (AAPL) rose marginally by 0.05% to $193.15, while AT&T Inc. (T) experienced a similar increase of 0.06% to reach $16.58. Along with these gains, Best Buy Co. Inc. (BBY) also saw a modest rise of 0.09% to settle at $77.95.
Trading Volume Remains Steady
Despite the positive movement, GameStop Corp. Cl A's trading volume of 4.7 million remained slightly below its 50-day average volume of 6.9 million.
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