Shares of GameStop Corp. (ticker symbol GME) saw a modest increase of 1.00% to reach $15.22 on Tuesday. This positive movement came amidst an overall successful trading session for the stock market. The S&P 500 Index (SPX) rose by 0.46%, reaching 4,643.70, while the Dow Jones Industrial Average (DJIA) experienced a similar increase of 0.48%, closing at 36,577.94.
Breaking the Losing Streak
GameStop’s stock rise put an end to a two-day losing streak, offering some relief to investors. Currently, the company’s stock is $12.43 below its 52-week high of $27.65, a record achieved on June 13th.
Outperforming Competitors
On Tuesday, GameStop outperformed its competitors in the market. Apple Inc. (AAPL) saw a 0.79% increase to reach $194.71, while AT&T Inc. (T) experienced a decline of 1.26%, closing at $16.41. Best Buy Co. Inc. (BBY) also faced a decrease of 1.25%, ending the day at $73.21.
Lower Trading Volume
Despite the positive movement in share price, trading volume for GameStop Corp. was significantly lower. The trading volume stood at 4.2 million shares, which is 2.2 million shares below its 50-day average volume of 6.3 million.
