A college student in the United States made a stock of $ 110 million in a month

Jimu Journalist Wang Liangliang Hu Li

According to the US New Weekly reported on August 19, a 20 -year -old male student in the University of Southern California, a 20 -year -old mathematics and economics, rationally sold stocks in a month, earning $ 110 million (about 746 million yuan) Essence

Data chart (picture source: US New Weekly)

The 20 -year -old student was Jack Friman. In July, he purchased a large chain in the United States, Bed Bath & Beyond (BBBY) more than 5 million shares.

At the end of June, BBBY released the first quarter of financial reports, with sales of 25%, revenue dropped to 1.46 billion US dollars, liabilities of US $ 3.28 billion, and only $ 107 million cash on the balance sheet. As a result, Friman raised $ 25 million from friends and family members, and acquired BBBY's stocks with more than 5 million shares at a price of $ 5.5 per share, becoming the second -most non -institutional investor in BBBY (holding 6.21%of the equity).

After investing, Frimad wrote a announcement to BBBY to warn the group "facing a crisis of survival." He also suggested that the company reduce debt and transform.

On August 16, local time, BBBY's stock price rose 4 times. Friman said: "I did not expect such a rise. I thought it would take at least 6 months to reach such a form of rise ... I really rose to rise. I was shocked so fast. "

So Friman sold all his BBBY stocks at this time and made $ 110 million.

According to the "Financial Times", Freman returned to Los Angeles on August 17 after the banquet in the suburbs of New York City and thanked the university for his training.

Friman wrote in an article: "I am glad that I can say that I was the second largest holder of BBBY, and I would also shop in BBBY in the future."

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