GameStop shares drop for third consecutive day amidst sluggish market
2023.10.27 18:05
© Reuters
GameStop Corp . (NYSE:) experienced a 2.81% decrease in its share price, closing at $13.12 on Friday, continuing its losing streak for the third consecutive day. This comes after the company’s shares hit a 52-week high of $34.99 on October 31st.
The video game retailer’s trading volume was below its 50-day average of 3.4 million, with only 2.5 million shares exchanged hands on Friday. This suggests a lower level of investor activity compared to recent weeks.
The decline in GameStop’s share price occurred during a challenging market session, where both the and Dow Jones indices closed at 4,117.37 and 32,417.59 respectively.
In comparison, other major companies had mixed performances. Apple Inc. (NASDAQ:) saw its shares rise by 0.80% to $168.22, while AT&T Inc.’s (NYSE:NYSE:) shares fell by 1.98% to $14.82. Similarly, Best Buy Co., Inc.’s (NYSE:NYSE:) stock dropped by 2.57%, closing at $64.41.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
