The most profitable stock was the Tesla (TSLA) stock which started the competition off on February 21 at $248.17 per stock. It increased to an all-high $278.73 per stock by the end of the competition on March 31; an 11.3% increase within the month. The total profit accumulated was $2262.00 from 300 shares. This is the result of an announcement made by the company which instigated a positive reaction from the market. They announced that they will raise over a billion dollars of capital using money received from existing stocks and convertible note offerings. Furthermore, the company’s decision to avoid decreasing the value of their shares reflected their confidence in the company's capability to grow. The money is intended to further reduce risks associated with the rapid growth of the company as well as additional general purposes.
Moreover, a profitable stock is the Google (GOOG) stock, starting the competition at $824.55 and ending at $828.97 per stock. Google being the most used web browser globally would be expected to
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The total profit accumulated was $377.00 from a quantity of 100 shares. The reason for this is because many of the features the company offers is the future of our generation. Over the last year, it increased the stock price past 50%, hit on March 31; the last day of the competition. The cause of this is because of the increase in sales through Amazon which grew 23% in the first quarter of 2017 and the company’s profit which increased by 41%. Other factors that influenced the company’s overall growth are that they can appeal to more consumers - starting from solely selling books to offering almost anything one could imagine. Also, they expanded into 30 countries, opening offices in each one offering significant growth. Therefore, the response of the overall market to Amazon is a positive