First Posted: 8/1/2007
Two student teams from Our Lady of Peace School and two teams from Lackawanna Trail High School were recognized by Prudential Financial and Wachovia Securities for their stock picking expertise in the 2006-2007 Stock Market Game competition conducted by The University of Scranton Center for Economic Education. The Stock Market Game is a ten-week simulation during which students from three grade categories (4-6, 7-8, 9-12) invest an imaginary $100,000 by buying stocks listed on the major securities exchanges (New York, American and NASDAQ). Students who compete in the Game learn how financial markets operate and hone their mathematics and decision-making skills. Separate ten-week competitions are held in the fall and spring. Team rankings are based on final portfolio values. The University of Scranton hosts one of 14 Pennsylvania Centers for Economic Education, each of which conducts its own Stock Market Game competition. Teams that finished first, second and third in their grade categories (fall and spring) from the area served by The University of Scranton Center were recognized at a recent awards ceremony. The teams from Our Lady of Peace School finished in first place in the spring competition, one at the grade 4-6 level with a final stock portfolio worth over $108,000 and one at the 7-8 grade level with a final portfolio worth over $120,000. The Lackawanna Trail teams finished in first and second place in the fall competition at the 7-8 grade level. The first place team earned a final portfolio worth over $150,000, while the second place team was close behind with a portfolio worth nearly $149,000. The Stock Market Game TM of Pennsylvania is an Economics America program of Economics Pennsylvania, the state-wide affiliate of the regional centers.