Why GameStop's Shares Popped 12.7% Today

Shares of GameStop (NYSE: GME) were red hot on Tuesday and climbed as much as 12.7% in late afternoon trading. Shares were close to their high at 2:50 p.m. EDT and are trading 11% higher as of this writing. 

There have been days when GameStop's shares have traded sharply higher or lower on no news at all, but that's not the case today. GameStop announced that it has hired Elliott Wilke to be Chief Growth Officer. Wilke comes from Amazon, where he worked in Amazon Fresh, Prime Pantry, and Worldwide Private Brands. 

Image source: Getty Images.

Continue reading

Source Fool.com