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Dubai, United Arab Emirates (CNN) – Jayden Carr was a shareholder of ‘Game Stop’ long before the recent buying frenzy caused the company’s stock price to skyrocket … But now the investor of 10 years has made money. About $ 3200 in a few days.
His mother, Nina Carr, said in an interview with CNN that she bought Jayden 10 shares of the company in 2019 as a gift for her son on the occasion of Kwanzaa because she wanted to teach him how to invest. Jayden, who is in fifth grade, loved video games, so the company’s stock was a natural fit for Nina.
“We’ve still been here for two years, buying different video games. So I thought I could give him some GameStop shares and give him something tangible to keep it and so he can enjoy it,” says Nina.
Nina bought the stock for around $ 60 and printed a stock certificate, which she framed and wrapped as a gift. Jayden says he’s so excited after getting shares in a company he uses a lot.
Since then, Jayden has occasionally followed the course of action for fun, but said his mother taught him to see it as a long-term investment.
Game Stop has risen more than 1,500% this year, as the gains were largely driven by a group of Reddit investors, buying stocks to hurt short sellers and hedge funds who bet on the stock’s decline. .
Carr has been an active investor for almost 5 years and has set up an alert on his phone to track the stock price. On Wednesday morning, she saw that the stock price had reached $ 350 and was rising and falling dramatically.
After advising his son on what he wanted to do, Jayden told him he wanted to sell his shares “because I know the price can go down in seconds.” He then sold his shares for $ 320 per share, for a total of nearly $ 3,200.
Jayden has saved $ 2,000 of what he achieved in his savings account, while he plans to invest $ 1,000. He said he would like to buy shares in Microsoft and ROBLOX, a popular online games company preparing for an IPO.
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