Frontline (FRO) was one of the Russell 2000's biggest losers for September 4 as the stock slid 12.92% to $1.55, a loss of $0.23 per share. Starting at an opening price of $1.80 a share, the stock traded between $1.51 and $1.80 over the course of the trading day. Volume was 3,792,076 shares over 7,022 trades, against an average daily volume of 871,443 shares and a total float of 98,206,287.
The losses send Frontline down to a market cap of $152,219,745. In the last year, Frontline has traded between $5.18 and $1.76, and its 50-day SMA is currently $2.55 and 200-day SMA is $3.28.
For a full analysis of Frontline, check out Equities.com's E.V.A. report.
Frontline Ltd is a shipping company that engaged in the ownership and operation of oil tankers and oil/bulk/ore, or OBO, carriers, which are configured to carry dry cargo. It operates oil tankers of two sizes: VLCCs and Suezmaxes.
Frontline, led by CEO Jens Martin Jensen / John Fredriksen, has 96 employees and is headquartered in Hamilton.
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.