Microcap Stock Index faces two sell offs to fall 3.3%
In what was a down week for stocks across the board, the Bowser Microcap Stock Index posted once of its largest slides of the year, falling 16.4 points from Friday, April 12's close of 503.10. The Index began the week with a 2.3% dip, in what was the year's worst sell off in all markets. It then partially recovered (to 495.37) on Tuesday, only to fall another 1.7% on Wednesday, finishing out the week rather flat. See the chart below for a visual representation.
Compared to major indexes, the Bowser Microcap Stock Index fell in last place, with the largest loss. Second from last was the Russell 2000, showing smaller stocks taking most of the heat last week. No index performed well, however; with the S&P 500 posting the smallest loss at 2.1%.
The other major indexes were as follows:
- S&P 500 (^GSPC)--DOWN 2.1%
- Dow Jones Industrial Average (^DJI)--DOWN 2.1%
- NASDAQ Composite (^IXIC)--DOWN 2.7%
- Russell 2000 (^RUT)--DOWN 3.2%
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.