GameStop Corp. Cl A Stock Falls Friday, Underperforms Market
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Shares of GameStop Corp. Cl A (GME) slipped 4.30% to $22.06 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.14% to 4,191.98 and Dow Jones Industrial Average falling 0.33% to 33,426.63.
The stock's fall snapped a four-day winning streak.
GameStop Corp. Cl A closed $25.93 short of its 52-week high ($47.99), which the company reached on August 8th.
The stock underperformed when compared to some of its competitors Friday, as Apple Inc. (AAPL) rose 0.06% to $175.16, AT&T Inc. (T) fell 1.45% to $16.31, and Best Buy Co. Inc. (BBY) fell 3.44% to $70.53.
Trading volume (2.7 M) remained 2.1 million below its 50-day average volume of 4.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 19, 2023.
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May 19, 2023 16:57 ET (20:57 GMT)
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