SAN ANTONIO— A 10-year-old from San Antonio made a killing by selling the GameStop stock he was given more than a year ago.
Jaydyn Carr’s mother, Nina, spent $ 60 on 10 titles on the video game chain in December 2019, which she then gave to her son in a cooperative economy show based on the Ujamaa principle, one of the seven that make up the Kwanzaa festival in honor of the African heritage in the United States.
As GameStop stock prices reached sky-high levels this week due to a speculation frenzy fueled by a Reddit chat group, Jaydyn sold the stocks Wednesday for just under $ 3,200, the San Antonio Express-News reported.
“My phone was ringing, because I have GameStop on my list of stocks to monitor,” Nina said regarding how she saw the stock price go up. “I was trying to explain to her that this was unusual. I asked her, ‘Do you want to keep them or sell them?'”
The investor duo indicated that $ 2,200 of the funds will go into Jaydyn’s savings account and the other $ 1,000 will go to new investments.