Shares of GameStop Corp. Cl A (GME, +4.49%) rose 4.49% to $17.44 on Thursday, marking the stock’s third consecutive day of gains. This positive performance came amidst an overall favorable trading session for the stock market, with the S&P 500 Index (SPX, +0.26%) rising 0.26% to 4,719.55 and the Dow Jones Industrial Average (DJIA, +0.43%) rising 0.43% to 37,248.35.
Strong Progress Despite Remaining Below 52-Week High
GameStop Corp. Cl A closed at a price of $10.21 below its 52-week high of $27.65, which the company achieved on June 13th. Though the stock hasn’t reached that pinnacle again, it continues to make strides towards recovery.
Mixed Performance Compared to Competitors
When compared to some of its competitors on Thursday, GameStop Corp. Cl A demonstrated a mixed performance. While Apple Inc. (AAPL, +0.08%) registered a modest 0.08% increase to $198.11, AT&T Inc. (T, +1.22%) enjoyed a more significant rise of 1.22% to $16.65. Additionally, Best Buy Co. Inc. (BBY, +7.09%) experienced a notable surge of 7.09%, closing at $77.50.
Strong Trading Volume Exceeds Average
Notably, the trading volume for GameStop Corp. Cl A on Thursday reached 10.6 million shares, surpassing its 50-day average volume of 6.4 million shares.