Bowser Microcap Stock Index falls 3.7% after three straight solid weeks
The Bowser Report struggled to find a footing this week as one of its biggest players, Harvest Natural Resources (HNR), fell $3.71/share (40.5%) as the result of the termination of a $725 million asset sale. To read HNR's press release, click here. Harvest's drop caused the Bowser Microcap Stock Index to drop more than 3% on Wednesday, February 20. Other than Tuesday, the Microcap Stock Index had a flat week, ending the week down 3.7% overall. See the chart below for a visual representation.
The Bowser Report's index ranked last amongst our usual major indexes. The four indexes had a mixed week, with only the Dow Jones Industrial average finishing higher. The indexes closed the week as follows:
- Dow Jones Industrial Average (^DJI)--UP 1.4%
- S&P 500 (^GSPC)--DOWN 0.3%
- Russell 2000 (^RUT)--DOWN 0.8%
- NASDAQ Composite (^IXIC)--DOWN 1.0%
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.