LEXINGTON, Ky. (LEX 18) — One day after buy orders were halted, trading of GameStop Corp. (GME) resumed on Jan. 29, and it was just as volatile as ever, with swings of roughly two hundred points in both directions between the opening and closing bells. The stock price went from a 52-week low of $2.80 per share back in April to a high of $438.00 achieved during trading earlier this week. So how did this happen, virtually overnight?
The University of Kentucky’s Gatton College of Business and Economics will offer the Pelissier Scholarship for the fifth consecutive year. Applications are open to all undergraduate students of all majors currently enrolled at the University of Kentucky with expected graduation dates between December 2022 and May 2023. The deadline is February 19, 2021.
Research by David Sovich, "Home Equity and Labor Income: The Role of Constrained Mobility" was published in Oxford Academic Review of Financial Studies.
A paper by Will Gerken and Marc Painter '19 entitled, "The Value of Differing Points of View: Evidence from Financial Analysts' Geographic Diversity" was presented at the NBER Conference on Big Data and Securities Markets.
On October 29, twenty four University of Kentucky Wall Street Scholars and Pelissier Scholars met with Nate Morris, founder, chairman and CEO of Rubicon, a software company focused on cloud-based, sustainable waste and recycling services.
The most recent Finance Society meeting was attended by more than 60 students, and featured an alumni panel offering advice about the changing recruiting landscape. They also shared their experience working remotely during COVID-19.
On August 27, Jon Chait shared advice for investors on WalletHub.com. Read the article, "Q2 2020 Hedge Fund Holdings: Top Stocks, New Buys & More."
This fall, the UK Finance Society held its first meeting via Zoom. Dr. Wendy Liu, Director of the Wall Street Scholars and faculty advisor to the Finance Society, hosted the one-hour meeting which included five speakers from Koch Equity Development (KED). The panelists included analysts, associates, as well as KED’s director of finance.
David Sovich's paper, "Home Equity and Labor Income: The Role of Constrained Mobility" was accepted for publication at The Review of Financial Studies.
David Sovich's paper, "State Minimum Wages, Employment, and Wage Spillovers: Evidence From Administrative Payroll Data" was accepted for publication in Journal of Labor Economics.
