Shares of GameStop Corp. Cl A (GME) experienced a decline of 3.16% on Tuesday, reaching a price of $19.33. This drop in value came during a generally negative trading session for the stock market, with the S&P 500 Index (SPX) falling 1.16% to 4,437.86 and the Dow Jones Industrial Average (DJIA) dropping 1.02% to 34,946.39.
Second Consecutive Day of Losses
This marks the second consecutive day of losses for GameStop Corp. Cl A. However, it is worth noting that the stock closed at $26.20 below its 52-week high of $45.53, which was achieved on August 16th.
Underperformance against Competitors
When compared to its competitors, GameStop Corp. Cl A performed below expectations on Tuesday. Apple Inc. (AAPL) saw a decline of 1.12%, settling at $177.45. Similarly, AT&T Inc. (T) experienced a decrease of 0.84% to $14.14, while Best Buy Co. Inc. (BBY) saw a drop of 0.88% to $78.48.
Trading Volume and Outlook
The trading volume for GameStop Corp. Cl A stood at 2.3 million shares, which is significantly lower than its 50-day average volume of 3.9 million shares.