GameStop shares were up 23.5% to $239.80 in early trading, a day after the company entrusted leadership of its online sales efforts to board member and major shareholder Ryan Cohen, co-founder of online pet retailer Chewy Inc. "There are tensions about inflation pressures and the stimulus package certainly adds to that pressure which is shown in the weakness in tech stocks and the Nasdaq," said Robert Pavlik, senior portfolio manager at Dakota Wealth in New York. Cohen, a major shareholder who has pushed Gametop´s move away from its brick-and-mortar model, joined the board in January shortly before a social media frenzy drove a meteoric rise in which GameStop shares surged more than 1,600%.

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