Two PVAMU students earn top honors in The National HBCU Stock Market Challenge
Sophomore Victoria Baldwin finished first for top-performing portfolio in the trading competition.
Style Magazine Newswire | 5/29/2020, 3:27 p.m.
An online trading competition proved to be a welcomed challenge for Prairie View A&M University students who entered the National Historically Black College & University (HBCU) Stock Market Challenge. The annual contest was sponsored by the HBCU Deans Roundtable and Harris-Stowe State University, in conjunction with Stock-Trak Inc, FactSet & Rise Display. They announced winners announced this week.
Contestants were given $100,000 in virtual cash and had to create an investment portfolio to trade U.S. stocks, ETFs, mutual funds, and bonds. PVAMU sophomore Victoria Baldwin bested all students in the competition with an earnings return of 27.83% and won a $2,000 first-place prize. MBA student Jonathan Lee came in third with a 21.20% return and was awarded a $1,000 prize.
“Stock trading contests are great experiential learning experiences,” said Munir Quddus, Ph.D., dean of the College of Business and professor of economics. “While the contestants use fake money, the competition exposes them to many elements of real-world stock investing where they [can] cultivate research and investment strategies.”
