GameStop sheds 0.43% within $23.06 to $23.71 daily range

Published: May 26 2023, 21:16 GMT+0

GameStop sheds 0.43% within $23.06 to $23.71 daily range

Today at a glance: grinding lower but with no clear-cut direction, the world's largest gaming merchandise retailer closed the session at $23.25 after forming a distinct $23.06 – $23.71 range.

United States Core Durable Goods Orders fell short of the 0% projections, with new data of -0.2%. United States Pending Home Sales improved upon its previous reading of -5.2% with a new data release of 0%.

Amid the market gloom, United States Core PCE Price Index (MoM) (Apr) released today at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3.

On the other hand, positive performances could be seen by looking at other consumer discretionary stocks as Amazon traded at $120.11 after closing today's trading day at $115 (up 4.44%). Tesla added 4.72% to its value, and traded at $193.17. Lowe's added 2.73% to its value, and traded at $206.52.

Approximately 10 months ago, the world's largest gaming merchandise retailer reached a significant high of $151.7 but has struggled to hold onto its gains and declined 84.61% since then.

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