Molycorp (MCP) was one of the Russell 2000's biggest losers for August 25 as the stock slid 6.88% to $1.76, a loss of $0.13 per share. Starting at an opening price of $1.86 a share, the stock traded between $1.72 and $1.91 over the course of the trading day. Volume was 8,410,152 shares over 14,092 trades, against a total float of 244,773,589.
The losses send Molycorp down to a market cap of $430,801,517.
For a full analysis of Molycorp, 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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