What happened 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. So what 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. Two other hires announced were Andrea Wolfe as Vice President of Brand Development and Tom Petersen as Vice President of Merchandising. Both hires come from Chewy, where they held VP of Marketing and VP of Merchandising titles. Now what As GameStop tries to transform itself into a digital company, hires like this will be key to making the new strategy a reality. But investors also need to keep in mind that it will take time for a digital transition to take place. But there is progress, with e-commerce sales up 309% during the nine-week holiday period ended Jan. 2, 2021. For today, at least, investors are betting that the 3.1% drop in total sales during the same period will reverse and this will eventually become a great growth stock. 10 stocks we like better than GameStopWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and GameStop wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon. The Motley Fool recommends Chewy, Inc. and recommends the following options: long January 2022 $1920.0 calls on Amazon and short January 2022 $1940.0 calls on Amazon. The Motley Fool has a disclosure policy.Source