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