Oh, you kids. Some individual investors who jumped in on the GameStop trading frenzy this month took the leap hoping they'd be able to make enough money to pay off college debt, The Wall Street Journal reports.
The stock traded at around $17 on Jan. 4 and closed Friday at $325, but ran as high this week as $483 in New York Stock Exchange trading.
Den Kovacs, a 25-year-old IT professional living in Detroit, told The Journal he moved $1,000 from his emergency savings and $200 he’d set aside for his student loan payment into his Robinhood trading account - to get in on GameStop. His end goal: make enough money to pay down his $7,000 credit card debt. How'd he do?