Bowser Microcap Stock Index climbs 1.2%
Once again, the Bowser Microcap Stock Index closed the week up over 1%--for the third straight week. This time, the Index rose from February 8's close of 513.48 to February 15's close of 519.63--a 6.15 point jump (or 1.2%).
The Index rose each day Monday through Thursday--making 8 straight days of gains when including last week. This week's closing high was 520.36 on Thursday, February 14. On Friday, the Index pulled back 0.73 points or 0.14%. See the chart below for an illustration.
The Bowser Microcap Stock Index was once again top dog for the week. It appears that smaller stocks had a better week as the Russell 2000 was next in line with a 1.0% gain. The larger stock indexes were either up slightly or down slightly. Their results are as follows:
- Russell 2000 (^RUT)--UP 1.0%
- S&P 500 (^GSPC)--UP 0.1%
- NASDAQ Composite (^IXIC)--DOWN 0.0%
- Dow Jones Industrial Average (^DJI)--DOWN 0.1%
There were no changes to the Index's companies this week.
For more information on the Bowser Microcap Stock Index, purchase our Bowser Database, which is updated monthly and includes details on the weighting of each company. Also, we have a sheet that shows all the changes that we have ever made to the Index available upon request.
The Bowser Report is a monthly financial newsletter that specializes in small stocks trading for $3/share or less. Our goal is to provide the individual investor with relevant information on microcap stocks. Each month, we recommend a new company, provide information on past recommendations and report news surrounding the microcap marketplace.
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Information in this blog post contains references to past Bowser recommendations. This blog post contains no recommendations, and instead relies on data gathered on past recommendations from sources thought to be reliable.