We move to week four of our stock journey at Freedom Finances and the results are not great! Tesla continues to slip dramatically, while GameStop and CPI Card Group struggle for the first time. Let’s review!
Our fund has dropped just over $330, with most of those losses stacking up after poor performance in the market this week. Tesla is in a deep slide, GameStop lost about $125 (13%) in one week, while PMTS dropped almost $150 in just 5 days! The stock market and S&P 500 struggled, but NOBL, a S&P 500 ETF, increased just slightly at 0.28%
Bradley – Tesla (TSLA) loss of $208.48 (-20.85%)
The pain remains. After a terrible last week for Tesla, this week wasn’t much better. Another $45 in losses brings the total change to -20.85% for this $1,000 fund. Poor market performance added to poor company performance makes this the worst buy of the four.
Dylan – GameStop (GME) loss of $134.44 (-13.44%)
GME had the second worst week of the four securities this week. GME dropped almost 13% lost Dylan $126 this week, and it’s hard to know if this stock has real support, or if it will keep dipping.
Karrie – CPI Card Group Inc. (PMTS) loss of $40.78 (-4.08%)
CPI Card Group looked to be the surprise of our fund, however it succumbed to the weak market. For a week-to-week loss of $148.59 (-14.86%), a large sell-off coupled with a poor market caused poor performance. PMTS has a small volume of 29,665 and after a sail of 4,929 shares in one quarter, a scary sell-off seems imminent.
Nick – ProShares S&P 500 ETF (NOBL) increase of $53.67 (+5.37%)
At this point, NOBL is the only stock performing positively for the team. We know that the market overall, as well as the S&P, struggled, but NOBL did not. There was not much traction here, as investors can see that the slow market slowed growth, but no losses better than the results of the other three investments.
Keep following our journey each week to see who will end up with strong profits! To view our last week’s update, click here. To view our original post, click here.
