A Lewisburg Area team took the school back into first place in the fifth week of the Stock Market Challenge.
Lewisburg teams dominated both the high school and middle school divisions for the first three weeks of the 10-week competition. Then a team from Milton Area High School took the top spot in that division in the fourth week. That was reversed last week.
Among other movements this week, Shamokin Area dropped from third to sixth place, despite a $10,000 gain in earnings. In the middle school division, a Danville Area team made it to the leader board for the first time, moving up to sixth place.
Teams of students from schools in Northumberland, Montour, Union and Snyder counties are managing hypothetical $100,000 portfolios as part of the Stock Market Challenge, operated by the Pennsylvania Council of Financial Literacy. The Northumberland National Bank and The Daily Item are again sponsoring the competition.
Dave Kopitsky Jr., adviser to the Shamokin Area High School competitors, said there is more competition now than when the competition started several years ago.
“When we started playing this game, a lot of your Valley schools didn’t participate,” Kopitsky said. “Now everybody does. As the pool gets bigger, you see more influx of these really smart kids that know how to do it.”
But he said his students are doing well. A team from Shamokin Area took second place last year.
“They have their own strategy,” Kopitsky said. “They all take different approaches. I don’t believe in manipulating in any way.”
But, he added, “It’s a lot easier when it’s not real money.”
J. Donald Steele, Jr., chairman, president and CEO of the Northumberland National Bank, said the bank was proud of the strong efforts by the student teams.
“They are successfully navigating a volatile market and at the same time learning the benefits of our capitalist system,” he said.
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