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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 S&P 500 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:AAPL) saw its shares rise by 0.80% to $168.22, while AT&T Inc.’s (NYSE:NYSE:T) shares fell by 1.98% to $14.82. Similarly, Best Buy Co., Inc.’s (NYSE:NYSE:BBY) stock dropped by 2.57%, closing at $64.41.
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