Shares of GameStop Corp. Cl A (GME) took a slight hit on Thursday, declining by 1.53% to reach $13.50. This downward movement was part of an overall gloomy trading session in the stock market, with the S&P 500 Index (SPX) falling 1.18% to 4,137.23 and the Dow Jones Industrial Average (DJIA) falling 0.76% to 32,784.30.
A Second Consecutive Day of Losses for GameStop
This marked the second consecutive day of losses for GameStop Corp. Cl A after what seemed like a promising upturn. Currently, the stock closed at $21.49 below its 52-week high of $34.99, which it had achieved on October 31st.
A Comparison to Competitors
In comparison to some of its competitors, GameStop Corp. Cl A showcased a mixed performance on Thursday. While Apple Inc. (AAPL) experienced a decline of 2.46% to $166.89, AT&T Inc. (T) saw a slight decrease of 0.46% to $15.12, and Best Buy Co. Inc. (BBY) dropped by 2.19% to $66.11.
Lower Trading Volume
The trading volume for GameStop Corp. Cl A was recorded at 2.0 million shares, which remained 1.3 million shares below its average 50-day volume of 3.4 million shares.