Russell Index Additions See Upside Action On Reconstitution (BWEN, TZOO, MTXX, DDRX, MSSR)

June 26, 2009 1:31 PM EDT

A number of small cap and micro cap stocks that are expected to be added to the Russell Index are seeing upside action today. Russell has already released their preliminary list of addition to the Russell 3000®, Russell 1000®, Russell 2000®, Russell Global, Russell Midcap® and Russell Microcap. Official inclusion is planned to occur when Russell reconstitutes its set of U.S. and global equity indexes today. The final membership list will be published June 29, 2009.

The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. $4 trillion in assets are currently benchmarked to them.

Some Russell addition stocks on the move:


  • Broadwind Energy, Inc. (Nasdaq: BWEN) +33%
  • Travelzoo Inc. (Nasdaq: TZOO) +18%
  • Matrixx Initiatives Inc. (Nasdaq: MTXX) +16%
  • Diedrich Coffee Inc. (Nasdaq: DDRX) +13%
  • McCormick & Schmick's Seafood Restaurants, Inc. (Nasdaq: MSSR) +12%
  • Zion Oil & Gas Inc. (NYSE: ZN) +11%
  • Caribou Coffee Company, Inc. (Nasdaq: CBOU) +10%
  • Zix Corp. (Nasdaq: ZIXI) +9%
  • Openwave Systems Inc. (Nasdaq: OPWV) +7%
  • Oxigene Inc. (Nasdaq: OXGN) +6%
  • Carmike Cinemas Inc. (Nasdaq: CKEC) +6%
  • Youbet.com Inc. (Nasdaq: UBET) +5%
  • BioCryst Pharmaceuticals Inc. (Nasdaq: BCRX) +5%
  • Reading International Inc. (NYSE: RDI) +5%
  • Cell Therapeutics, Inc. (Nasdaq: CTIC) 4%
  • Hemispherx Biopharma, Inc. (NYSE: HEB) +3%
  • OpenTable, Inc. (Nasdaq: OPEN) +2%

A full list can be seen here


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Stocks Mentioned

BCRX 10.99

-0.29 -2.57%
Volume: 1,990,143
Track BCRX

BWEN 5.87

+0.15 +2.62%
Volume: 66,659
Track BWEN

CBOU 8.68

+0.04 +0.46%
Volume: 76,176
Track CBOU

CKEC 6.39

+0.14 +2.24%
Volume: 73,496
Track CKEC

CTIC 1.01

+0.02 +2.02%
Volume: 7,443,524
Track CTIC

DDRX 26.28

-0.12 -0.45%
Volume: 104,779
Track DDRX

HEB 1.23

+0.01 +0.82%
Volume: 1,716,103
Track HEB

MSSR 6.26

-0.09 -1.42%
Volume: 31,830
Track MSSR

MTXX 4.13

-0.01 -0.24%
Volume: 219,384
Track MTXX

OPEN 27.15

+0.09 +0.33%
Volume: 45,042
Track OPEN

OPWV 2.15

+0.08 +3.86%
Volume: 667,462
Track OPWV

OXGN 1.19

-0.01 -0.83%
Volume: 522,568
Track OXGN

RDI 4.38

+0.03 +0.69%
Volume: 40,761
Track RDI

TZOO 14.64

+0.07 +0.48%
Volume: 59,523
Track TZOO

UBET 2.40

+0.09 +3.90%
Volume: 121,374
Track UBET

ZIXI 1.85

+0.00 +0.00%
Volume: 197,900
Track ZIXI

ZN 7.02

+0.12 +1.74%
Volume: 55,742
Track ZN


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