The Morning Show with Zito

The Morning Show with Zito

The Morning Show with Zito

 

Mom's Holiday Gift of Game Stop Stock Really Pays Off

Texas mom Nina Carr paid $6 apiece for the 10 shares of GameStop stock she gifted to her now 10-year-old son Jaydyn for Kwanzaa in 2019. They just sold Wednesday for a little under $3,200. The duo were surprised to be caught in the middle of a stock surge, fueled by renegade traders on Reddit — but acted quick. “My phone was going off, because I have GameStop on my watch list,” Nina said about watching the video game retailer’s stock boom this week. “I was trying to explain to him that this was unusual, I asked him, ‘Do you want to stay or sell?'” The 10-year-old sold — and said he plans to invest $1,000 of the gain, possibly in the online gaming hub Roblox, with the remaining cash going into his savings account. “I have to train him to let him know you can’t just buy anything — you have to read the charts,” his mom said, admitting that she wishes she’d snagged some shares for herself back in 2019.

Photo: Getty Images


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