Shares of GameStop Corp. Cl A (GME) experienced a notable increase of 1.85% on Wednesday, reaching a price of $14.87. This positive movement occurred during an overall successful trading session for the stock market, with the S&P 500 Index (SPX) rising 0.81% to reach 4,263.75, and the Dow Jones Industrial Average (DJIA) increasing by 0.39% to reach 33,129.55.
This surge in GameStop's stock price marks the end of a four-day losing streak for the company. However, it is important to note that GameStop closed $20.12 short of its 52-week high, which was achieved on October 31st, with a price of $34.99.
In comparison to its competitors on Wednesday, GameStop outperformed Apple Inc. (AAPL), which rose by 0.73% to reach $173.66, while AT&T Inc. (T) experienced a decline of 0.88% to reach $14.65. Best Buy Co. Inc. (BBY) also saw a positive movement, rising by 1.41% to reach $68.56.
Although GameStop's trading volume on Wednesday reached 2.6 million shares, it remained 517,244 shares below its 50-day average volume of 3.1 million shares.
