Kendall students Caleb Hennekey, Aaron Massey and Troy Tooley increased their imaginary $100,000 to $203,009 in the Stock Market Game sponsored by the Rochester Democrat and Chronicle. The team received a trip to the New York Stock Exchange as their grand prize.
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Playing the stock market wins students grand prize
A group of Kendall high school students really know how to make the stock market work for them. Caleb Hennekey, Aaron Massey and Troy Tooley were the grand prize winning team in the Stock Market Game sponsored by the Rochester Democrat and Chronicle. The team was able to take their imaginary $100,000 starting amount and increase it to $203,009 in ten weeks. They accomplished this by buying and selling a number of stocks and mutual funds. The team was presented with an all expense paid trip to the New York Stock Exchange and other Wall Street destinations as their reward. The surprise trip was donated by Ralph Packs, senior vice president of Salomon Smith Barney.
Two other Kendall teams also participated in the Stock Market Game. Coming in fourth place was the team of Matt Convery, Bailey Duemmel and Coletta Fry, who increased their stock value to $193,390. Coming in seventeenth were Wes Marchand and Andrew Scherdin, who accumulated $148,250 in ten weeks. All three teams were recently honored at an awards ceremony at the Memorial Art Gallery.
The game provides students in grades 4-12 with a valuable hands-on learning experience in finance and investing. The 11-week program is held in the fall and spring to help students learn how the economic system works and how to analyze news regarding the economy and markets.
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