By CBSNewYork Team

NEW YORK (CBSNewYork)GameStop shares surged on Wall Street on Wednesday.

The company’s stock rose to $91.71 when the markets closed.

That’s up nearly 104% from Tuesday.

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The jump came one day after GameStop announced its chief financial officer would resign in March as the company focuses on e-commerce growth.

In January, GameStop was at the center of a trading frenzy fueled by online investors who drove the stock to jump around 1,600%.

Some of them wanted to squeeze hedge funds that bet the stock would drop in price.

CBSNewYork Team