Albany High team wins Stock Market Challenge
ALBANY, N.Y. (April
20, 2018) -- A team of aspiring Albany High
School financiers on Friday defeated students from four other area high
schools at the Junior Achievement Stock Market Challenge.
The Albany High team of Neasha Harris, Hope
Edwards and Jalanah Hall and showed a 45 percent profit increase by the
competition’s end, besting all other teams in the contest. (They’re
pictured at right as they receive the news of their victory.)
Teams competed in a race
to accumulate the highest portfolio while learning the nuances of
investing, trading, strategy, why companies issue stock, how actions in
one place of the world impact the value of stock in another place, and
why the stock market is an integral part of our free enterprise system.
Each team began the game
with $500,000 trading dollars to invest in fictitious stock. Once the
trading began, every 60 seconds was a new trading day in a volatile
market. Floor traders entered the team trades into handheld computers
and the information was immediately transferred to big screens for all
participants to see.
Players tracked their
stock portfolio and their team’s standings on three massive screens, and
teams bought and sold stocks from “traders” that instantly sent trades
to the system.
Besides winning a trophy,
the school received scholarship funds and the three students split a
$1,000 Crossgates Mall gift card.
The Junior Achievement
Stock Market Challenge was held at the University at Albany, which
sponsored the event along with SEFCU. Nearly 150 students took part, 20
from Albany High.
here to see a Facebook photo album from the event. (It's not
necessary to have a Facebook account to view the pictures. A window may
display the text, “To see more from Albany schools on Facebook, log in
or create an account," but you can dismiss it by clicking "not now.”)
The mission of the City School District of Albany
is to work in partnership with our diverse community to
engage every learner in a robust educational program designed to provide
the knowledge and skills necessary for success. The district
students in 18
elementary, middle and high schools. In addition to neighborhood
schools, the district includes several magnet schools and programs, as
well as other innovative academic opportunities for students,
including four themed academies at Albany High