GameStop Share Price Surges On Transformation News With Chewy's Ryan Cohen

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GameStop’s share price is surging again following news that the video game retailer has created a new committee on its board of directors aimed at transforming the company.

GameStop’s stock price shot up above $200 on Monday after GameStop announced the formation of a Strategic Planning and Capital Allocation Committee. This group will “identify initiatives that can further accelerate the company’s transformation.”

Sitting on this committee are three people: Alan Attal, Ryan Cohen, and Kurt Wolf. Cohen is the billionaire pet food executive from Chewy who has called for dramatic changes to GameStop’s business model to help turn the ship around. Attal is another longtime Chewy executive, while Wolf is a veteran venture capital manager.

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Source: Game Spot Mashup