Microcap Stock Index makes significant weekly climb
After a few down weeks in a row, the Bowser Microcap Stock Index made a significant move forward last week, posting a 1.6% gain. The Index moved 7.83 points--from 495.27 to 503.10. This week there is no visual representation of the Index, we apologize.
Despite its solid gain, the Bowser Microcap Stock Index came in last place amongst the major indexes. The NASDAQ Composite led the way with a 2.8% gain for the week. All of the major indexes peaked on Thursday before they each experienced a slight pull back to finish out the week. Even so, each major index was up more than 2.0% last week.
The other major indexes were as follows:
- NASDAQ Composite (^IXIC)--UP 2.8%
- S&P 500 (^GSPC)--UP 2.3%
- Russell 2000 (^RUT)--UP 2.1%
- Dow Jones Industrial Average (^DJI)--UP 2.1%
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.