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Some new teams moved up in the rankings following the sixth week of the Stock Market Challenge.
A Northumberland Christian School team gained $11,000 to move up from third to second place in the high school division, while a team from Our Lady of Lourdes took the lead from Lewisburg Area in the middle school division. The Lourdes team was up $40,000 to move from third to first place.
A Lewisburg Area team holds the high school lead, despite dropping $8,000 in earnings last week. A Danville Middle School team is now in fourth place.
Northumberland Christian adviser Ian Snyder said his kids are learning a lot.
“We are having fun,” he said. “I wish we would have played this last year.”
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.
Meanwhile, a Selinsgrove Area team remains in fourth place in the high school division and was down $6,000 at week’s end.
Still, adviser Daniel Frake said his students remain excited about the game.
“Our Money Talks group is tracking a class portfolio of stocks, mutual funds and ETFs,” he said. “Each day at the beginning of class we update to see how each individual students investment choice is performing. We are comparing our class portfolio to the S&P 500 as a benchmark. Students then take their How the Market Works challenge as well.”
He said students are constantly asking him outside of class how the stock market and his portfolio are doing.
“Excitement is at an all-time high,” Frake said.
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