Shares of GameStop Corp. Cl A (GME, +10.98%) witnessed an impressive surge of 10.98% on Monday, amidst a generally lackluster trading session for the stock market. The S&P 500 Index (SPX, -0.54%) declined by 0.54% to reach 4,569.78, while the Dow Jones Industrial Average (DJIA, -0.11%) fell by 0.11% to settle at 36,204.44.
Second Consecutive Day of Gains
Remarkably, this was the second consecutive day of gains for GameStop Corp. Cl A.
Still Below 52-Week High
The stock concluded the day at $16.98, positioning it $10.67 below its 52-week high, achieved back on June 13th, when it reached $27.65.
Gaming the Competition
On Monday, GameStop Corp. Cl A outperformed some of its competitors in the market. While Apple Inc. (AAPL, -0.95%) dipped by 0.95% to $189.43, AT&T Inc. (T, -0.60%) experienced a 0.60% decline to reach $16.66. Conversely, Best Buy Co. Inc. (BBY, +1.73%) saw an impressive rise of 1.73%, settling at $74.69.
Trading Volume Surpasses 50-Day Average
GameStop Corp. Cl A’s trading volume for the day totaled 19.9 million shares, surpassing its 50-day average volume of 5.1 million shares.
