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10-year-old San Antonio boy cashes in on GameStop stocks

Jaydyn Carr sold the shares Wednesday for a little less than $3,200

FILE - In this May 7, 2020 file photo, a GameStop store is seen in St. Louis. Two hedge funds are bowing out of their short positions on the money-losing video game retailer. Citron Researchs Andrew Left said in a video posted on YouTube that his company is going to become more judicious in shorting stocks. Melvin Capital is also exiting GameStop, with manager Gabe Plotkin telling CNBC that the hedge fund was taking a significant loss. (AP Photo/Jeff Roberson, File) (Copyright 2020 The Associated Press. All rights reserved.)

SAN ANTONIO – A 10-year-old San Antonio boy made a killing by selling GameStop stock he was gifted more than a year ago.

Jaydyn Carr’s mother, Nina, spent $60 for 10 shares of the video game chain’s stock in December of 2019 that she gave him for Kwanzaa to reflect Ujamaa, one of the festival’s seven principles that focuses on cooperative economics.

With GameStop’s share price skyrocketing this week behind a speculative frenzy driven by a Reddit chat group, Jaydyn sold the shares Wednesday for a little less than $3,200, the San Antonio Express-News reported.

“My phone was going off, because I have GameStop on my watch list,” Nina said of watching the share price surge. “I was trying to explain to him that this was unusual. I asked him ‘Do you want to stay or sell?’”

The mother-son investing duo said $2,200 of the funds would go to Jaydyn’s savings account and that they’d put the other $1,000 toward future investing.

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