By GameStop Corp. Cl A (GME) experienced a rally on Tuesday, with a 1.14% increase in its shares, reaching $23.08. This positive performance was part of an overall upward trend in the stock market. The S&P 500 Index (SPX) rose by 0.71% to reach 4,554.98, while the Dow Jones Industrial Average (DJIA) saw a 1.06% increase, closing at 34,951.93.
Breaking the Losing Streak
GameStop Corp. Cl A broke its two-day losing streak, providing some reprieve to investors. The stock had closed at $24.91 below its 52-week high of $47.99, which was achieved on August 8th.
Mixed Performance Compared to Competitors
When compared to its competitors on Tuesday, GameStop Corp. Cl A demonstrated a mixed performance. Apple Inc. (AAPL) witnessed a slight decline of 0.13%, reaching $193.73, while AT&T Inc. (T) fell by 0.59% and closed at $13.45. On the other hand, Best Buy Co. Inc. (BBY) experienced a 1.58% increase, with shares reaching $83.57.
Trading Volume
The trading volume for GameStop Corp. Cl A stood at 2.3 million, which remained 1.8 million below its 50-day average volume of 4.2 million.
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