Two students take first place in state competition.
The Stock Market Game, a nationwide program sponsored by the SIFMA Foundation, provides students an opportunity to engage in the world of economics through an online simulation of the global capital markets. As part of the Middle School Stock Market Club, GPS students competed in the East Tennessee Junior Division under the direction of club sponsors Jay Watts and Mark Vosskamp.
The team of Belle Wallin ’23 and Katie Hubbard ’24 placed first when their portfolio out-gained the S&P 500 by more than 2.5% over the game’s 15-week schedule. All totaled, Wallin and Hubbard held seven stocks in their account, none of which lost money during the competition. By the end of the game on May 3, the duo turned a $100,000 cash portfolio into $110,659 worth of cash and stock.
Two of their seven holdings saw rapid appreciation in a short period of time. Axsome Therapeutics rose over 24% in just three weeks after being added to their winning portfolio. Zynerba Pharmaceuticals rose 19% in just two weeks of ownership. The overall portfolio performance of 10.6% put the team in ninth place in the state overall when compared to both middle and high school teams from around the state.
The Tennessee Stock Market Game is sponsored by the Center for Economic Education at Middle Tennessee State University. The game is part of a nationwide effort by the SIFMA Foundation to connect students to the global economy through virtual investing and real-world learning. The SIFMA Foundation is an independent educational organization dedicated to fostering knowledge of the financial markets, serving 17 million students since 1977.