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Hamburg’s finance students ace Stock Market Challenge

ON THE MONEY — Hamburg High School’s contingent included, front row, from left : Mallory Komasara, Morgan Park, Kayleigh Jordan, Erica Schneider, Erin McCarthy, Emily Scoma, Paige Roseman, Shannon Ferris, Rachel Arana, Clarissa Ott and Rosemary Herbst. Back row: Michael McGee, Alex Conomos, Caleb Wood, Eric Sheffield, Timothy Madden, Kyle Munro and Garrett Knoll. Photo used courtesy of the Hamburg Central School District.
HAMBURG — Teams from Hamburg High School placed first and third out of 89 teams at the Western New York Junior Achievement Stock Market Challenge held recently at Adam’s Mark Hotel in Buffalo.

During the challenge, students had the ability to invest $1 million in the stock market. They made trades during a 60-day period, with each day being 60 seconds long. The pace required them to be quick, when buying and selling, reallocating and diversifying their portfolios, and acting according to stock tips and news events affecting their portfolios.

More than 400 students competed, including Hamburg Finance Academy accounting students from Sheila Sampson’s class.

Hamburg’s first place team, “The Sharks,” consisted of juniors Michael McGee, Shannon Ferris, Erin McCarthy and Emily Scoma. The students notched a 54 percent return on their initial $1 million investment. Each received a Kindle Fire® tablet as a prize.

They will host a bull trophy, engraved with their names, for the next year.

Placing third was Hamburg’s “Team Unknown,” with juniors Garrett Knoll, Kyle Munro, Paige Roseman and Caleb Wood. Those students received gift certificates.

Hamburg had three teams place in the top 15 in the competition, overall.

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