Amoddio Named Winner of Inaugural Trading Contest
Elmira, NY (06/04/2020) — The Elmira College Investment Club recently announced Matt Amoddio '22 as the winner for the Club's inaugural virtual trading contest. Matt produced a 5.96% rate of return and all but one of his stock picks generated positive returns. He significantly outperformed the S&P 500's 1.5% return over the same period. Matt's top pick was Nike (NKE), which returned 15.57%. Marty Kapoian '22 came in at a close second with a 4.76% return and Aleksi Ojala '21 placed third with a 4.31% return.
The Investment Club was founded by senior Patrick Schmelzinger '20. The virtual trading contest is open to all students and will resume this Fall in Term I. The contest uses an up-to-date virtual trading platform and allows students to invest a hypothetical sum in stocks, mutual funds, ETF's, bonds and commodities of their choosing.
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