By Shares of GameStop Corp. Cl A (GME) saw a significant jump on Wednesday, climbing 9.66% to reach $16.69. This increase came during a positive trading session for the stock market, with both the S&P 500 Index and the Dow Jones Industrial Average experiencing gains of 1.37% and 1.40% respectively.
Second Consecutive Day of Gains
This recent surge marks the second consecutive day of gains for GameStop Corp. Cl A. Although the stock closed $10.96 below its 52-week high of $27.65, which was recorded on June 13th, this upward momentum is certainly a positive sign.
Outperforming Competitors
GameStop Corp. Cl A outperformed several of its competitors on Wednesday. While Apple Inc. (AAPL) saw a modest increase of 1.67% to $197.96, AT&T Inc. (T) rose by 0.24% to $16.45. On the other hand, Best Buy Co. Inc. (BBY) experienced a slight decline of 1.15%, closing at $72.37.
Strong Trading Volume
The trading volume for GameStop Corp. Cl A on Wednesday reached 9.0 million shares, surpassing its 50-day average volume of 6.3 million shares.
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