GameStop (NYSE:GME) shares are trading higher following a Bloomberg report highlighting Ryan Cohen's turnaround plan.

GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. 

GameStop shares were trading 12.9% higher at $171 per share. The stock has a 52-week high of $483 and a 52-week low of $3.77.

Editor's note: GameStop spiked another 11% in after-hours trading after announcing it completed its previously announced at-the-market equity offering program.

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