Name_________________________________ Period_________
Lab 7.2
Become a Millionaire Project Connecticut’s Biotechnology Companies Want to make a million dollars? This week is your chance. Well, at least on paper. How it works: One of the best places to make (or lose, especially now) serious money is in the stock market. You invest money in a company, and if the stock value of that company goes up, you make money. Example: You purchase 1000 dollars worth of Google stock. On the day you buy it each share is worth 485 dollars. One month later the stock is selling at 560 dollars per share- its value has increase by 15%. You have just made a quick 150 dollars on your investment. In other words,
stock value =
new price x investment original price
Each student is given one million dollars. Invest it in any two of the following Connecticut Biotechnology Companies: UPDATE: Beware- several of these companies are in their death throes as they are going out of business‌they are likely to be incredibly bad investments. 1. Neurogen (NRGN) 2. Achillion (ACHN) 3. Curagen (CRGN) 4. Vion (VION) 5. Pfizer (PFE) 6. Bristol-Myers Squibb (BMY) 7. Bayer (BAY) 8. Alexion (ALXN) 9. Covidien (COV) 10. Hologic (HOLX) Sample calculation: You invest half a million dollars in Covidien and the stock increased from 20 to 21.
stock value =
new price x investment original price
= 21/20 x $500,000 = 525,000. You just made 25,000 dollars. Go buy a new car.
Research these companies tonight and choose your investments. For example, you may put $700,000 into Pfizer, and the rest ($300,000) into Covidien. All student will be responsible for knowing the basics of each company. On the following page is a chart for keeping track of your stocks 4