Galena Biopharma Inc. (GALE) was one of the Russell 2000's biggest losers for August 21 as the stock slid 5.17% to $2.20, a loss of $0.12 per share. Starting at an opening price of $2.27 a share, the stock traded between $2.12 and $2.28 over the course of the trading day. Volume was 3,965,404 shares over 5,957 trades.
The losses send Galena Biopharma Inc. down to a market cap of $260,051,363.
For a full analysis of Galena Biopharma Inc., 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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