At the end of the first week of the winter/spring Stock Market Game, the Hornets from Monroe High School are up to $109,142 and the Lone Moneymaker from Lakota Plains Junior High School is at $123,251 - but the real winner seems to be Taser International Inc. (TASR).
Both teams leading the market simulation competition "invested" in the Arizona-based stun-gun maker to achieve their weekly gains. The stock - which split 3-for-1 Wednesday - shot up from a split-adjusted $40.71 Feb. 6 to close Thursday at $59.60.
According to TheStreet.com, short-sellers had been betting that Taser International's split would drive the stock's value down. When that didn't happen, however, they were forced to keep buying to cover their positions - and the stock kept rising.
After the split, the Hornets were left with 600 shares, and the Lone Moneymaker was sitting on 1,440 shares - and atop the rankings of more than 500 other student teams in the competition. But both teams are still a long way from the end of the Stock Market Game. The team that makes the most of their mock $100,000 at the end of 10 weeks of simulated investing will be crowned the winner.
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Stock Market Game