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Why GameStop Stock Soared Today

TheMotleyFool

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Shares of GameStop (NYSE: GME) surged 27% on Tuesday, furthering the stock's sharp rise this week.

GameStop said on Monday that its board of directors created a "Strategic Planning and Capital Allocation Committee" to accelerate its digital transformation. The committee is being led by Chewy (NYSE: CHWY) founder and former CEO Ryan Cohen, who is one of GameStop's largest shareholders.

GameStop's stock price is skyrocketing again. Image source: Getty Images.

Source Fool.com

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