SAN ANTONIO (AP) – A ten-year-old San Antonio boy was killed while selling GameStop shares that were given to him more than a year ago.
Jaydyn Carr’s mother, Nina, spent $ 60 on ten shares of the video game chain in December 2019 that she gave to Kwanzaa to reflect Ujamaa, one of the seven principles of the festival that focuses on the cooperative economy.
With GameStop stock prices soaring this week following a speculative frenzy driven by a group of Reddit chats, Jaydyn sold shares Wednesday for just under $ 3,200, the San Antonio Express-News reported.
“My phone was shutting down, because I have GameStop on the watch list,” Nina said of the stock price rise. “I was trying to explain to him that this was unusual. I asked him ‘Do you want to stay or sell?’ “
The mother-son investor duo said $ 2,200 of the funds would go to Jaydyn’s savings account and that the other $ 1,000 would go to future investments.