GCU News Bureau
Colangelo College of Business students are on a winning streak in the stock market, but they’re profiting in a different way.
For the second consecutive year, a team from Grand Canyon University won the University division of the 12th annual Stock Market Challenge, an annual competition in which teams are given a fictitious $500,000 portfolio they can increase depending on how they react to “breaking news.”
The "GCU Nobodies" -- a team of Alex Meyers, Jorden Sieben, Stephen Seltzner and captain Jacqueline Briseno -- showed they're indeed somebody special. They increased their portfolio by 112 percent to $1.1 million, best among universities and second out of the more than 50 teams, most of whom were composed of financial industry professionals.
And it wasn’t just a matter of GCU students repeating their success the previous year. All four members of the winning team were competing in the event for the first time.
In addition, the "GCU Lopes" team of Jordon Leon, Linette Fonseca, Landon Turner and Alex Brookover took third among the universities.
Both teams were supervised by CCOB instructors Mark Jacobson and Ana Lopez, who conducted training sessions for a month leading up to the event.
“It was a great event for everyone involved,” Jacobson said. “For most of them, it’s their first experience in the market.”