Shares of GameStop Corp. Cl A (GME) experienced a decline of 3.28% to $14.75 on Friday, contributing to a mixed trading session for the stock market. The S&P 500 Index (SPX) saw a slight increase of 0.08% to reach 4,783.83, while the Dow Jones Industrial Average (DJIA) experienced a decrease of 0.31% and closed at 37,592.98.
Second Consecutive Day of Losses
This marks the second consecutive day of losses for GameStop Corp. Cl A. The company closed at $12.90 below its 52-week high of $27.65 achieved on June 13th.
Underperformance Compared to Competitors
In comparison to its competitors, GameStop Corp. Cl A underperformed on Friday. Apple Inc. (AAPL) witnessed a 0.18% increase, reaching $185.92, AT&T Inc. (T) saw a rise of 1.54% and closed at $16.48, while Best Buy Co. Inc. (BBY) experienced a decline of 1.06% to reach $73.86.
Lower Trading Volume
The trading volume for GameStop Corp. Cl A remained at 2.5 million shares traded, which is significantly lower than its 50-day average volume of 7.0 million shares.