GameStop Corp. Cl A (GME) experienced an impressive 20.46% surge in its stock price on Wednesday, reaching $16.25. This occurred during a mixed trading session for the stock market, where the Dow Jones Industrial Average (DJIA) rose by 0.04% to 35,430.42, while the S&P 500 Index (SPX) fell by 0.09% to 4,550.58.
Continuous Momentum
This remarkable increase marked the second consecutive day of gains for GameStop Corp. Cl A (GME). However, it is worth noting that the stock closed $11.62 below its 52-week high of $27.87, a record achieved on December 2nd.
Outperforming Competitors
On this particular day, GameStop Corp. Cl A (GME) outperformed some of its competitors. While Apple Inc. (AAPL) saw a decline of 0.54% to $189.37, AT&T Inc. (T) witnessed a rise of 0.74% to $16.30, and Best Buy Co. Inc. (BBY) experienced a slight decrease of 0.34% to $70.78.
Impressive Trading Volume
Trading volume for GameStop Corp. Cl A (GME) stood at 60.8 million shares, surpassing its 50-day average volume of 3.4 million shares.