Penn Virginia Corp. (PVA) Drops 7.22% on October 7
Penn Virginia Corp. (PVA) was one of the Russell 2000's biggest losers for October 7 as the stock slid 7.22% to $10.92, a loss of $0.85 per share. Starting at an opening price of $11.67 a share, the stock traded between $10.92 and $11.74 over the course of the trading day. Volume was 2,973,299 shares over 18,253 trades.
The losses send Penn Virginia Corp. down to a market cap of $780,565,804.
For a full analysis of Penn Virginia Corp., check out Equities.com's E.V.A. report.
One of the most effective tools for tracking the market for small-cap stocks is the Russell 2000, the nation's leading small-cap index created by industry stalwart Russell Investments. Unlike the well-known Dow Jones Industrial Average (DJIA) and S&P 500, Russell's indices eschew committee selection in favor of a more objective, rules-based system for selecting index membership.
The broad-based Russell 3000, which is meant to cover the stock market as a whole, is simply the 3,000 companies with the largest market cap in the United States. The Russell 2000 is then just the bottom 2,000 companies of that index, offering a look at those small-cap companies with smaller market caps. It makes for an unbiased overview of the small-cap stocks that can help any investor get a better sense of what the market is doing and where it might be headed.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
Source: Equities.com News
(October 7, 2014 - 3:36 PM EDT)
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