It’s April 3rd, 2020, and your stock is performing better than you could have expected. You just got sent home from work due to a global pandemic, and your hours at work have been reduced and you might need the extra cash. Your stock is trading at $34.84/share, which means you’ve doubled your investment from $2,500 to $5,135.42. If you sell now the extra $5,135 can really help you through a tough time, and you know you’ll be able to pay rent without any concern for the next several months.
What will you do?
Sell – Take a $2,635.42 profit