His GameStop shares had been a Kwanzaa gift from his mom, and he’d held on to them since he was 8 years old. But when the time was right to sell them, he knew it. He’s 10.
San Antonio fifth-grader Jaydyn Carr received 10 GameStop shares GME, +67.87% as a Kwanzaa gift two years ago. His mom, Nina Carr, paid $6 apiece for them.
On Wednesday morning, Jaydyn sold them for a little under $3,200, the family tells the San Antonio Express-News. The stock had closed the previous session at a shade under $148 and then leaped at the open on Wednesday, trading as high as $372 that morning.
Nina Carr said that she has been teaching Jaydyn about trading, and bought him the GameStop shares in an embrace of Ujamaa, a Kwanzaa principle focused on cooperative economics. She even made her then–8-year-old son a certificate stating that he owned the shares so that he would have a tangible present to unwrap.