The Russell Indices Reconstitution preliminary additions and deletions were announced Friday 6/10/2016. The finalized list will be announced after the markets close Quadruple Witching Friday 6/17/2016 to go into effect after the markets close on Friday 6/24/2016.
HOMEWORK: First I am collecting basic info on each of the companies on the potential additions list. I am also running the fundamentals, charts and the sentiment analysis. I plan to listen to conference calls, webcasts, fireside chats, et cetera … of the companies that make the promising fundamentals list. It is always prudent to do your own homework.
for more info see also:
The Russell Indices Reconstitution for June 2016
Chart #1 (above, Daily, %Change) Featured Chart top of the page thru Fri 6/10/2016
- Russell 1000 (.RUI), (chart: red)
- Russell 2000 (.RUT) (chart: green)
- Russell 3000 (.RUA) (chart: blue)
To start the Russell 3000 (.RUA) prospective additions homework ball rolling, this includes the following symbols with more info to be added … ACIA, ACRX, ACNB, AGFS, ALJJ, AOI, AMIC, ARA, AMSC, AP, AMPE, AVXL, AQMS, ARGS, …
Acacia Communications, Inc. (ACIA) -NasdaqGS
$38.26 Up 0.51 (1.35%) Jun 10
Acacia Communications, Inc. provides high-speed coherent interconnect products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. Its products include a series of low-power coherent digital signal processors and silicon photonic integrated circuits integrated into families of optical interconnect modules with transmission speeds ranging from 40 to 400 gigabits per second for use in long-haul, metro, and inter-data center markets. The company sells its products through a direct sales force to network equipment manufacturers. Acacia Communications, Inc. was founded in 2009 and is headquartered in Maynard, Massachusetts.
AcelRx Pharmaceuticals, Inc. (ACRX) -NasdaqGM
Sector: Healthcare Industry: Medical Appliances & Equipment
$3.19 Down 0.16 (4.78%) Jun 10
AcelRx Pharmaceuticals, Inc., a specialty pharmaceutical company, develops and commercializes therapies for the treatment of acute pain in the United States. The company’s lead product candidates include ARX-04, a sufentanil sublingual tablet that is in Phase III clinical trials for the treatment of moderate-to-severe acute pain to be administered by a healthcare professional to a patient in medically supervised settings; and Zalviso, a sufentanil sublingual tablet system, which is in Phase III clinical trials for the treatment of moderate-to-severe acute pain in hospitalized adult patients. It is also developing ARX-03, a fixed-dose sufentanil/triazolam sublingual tablet, which has been completed Phase II clinical trial for mild sedation and pain relief during painful procedures. The company was formerly known as SuRx, Inc. and changed its name to AcelRx Pharmaceuticals, Inc. in August 2006. AcelRx Pharmaceuticals, Inc. was founded in 2005 and is headquartered in Redwood City, California.
ACNB Corp. (ACNB) -NasdaqCM
Sector: Financial Industry: Regional – Southwest Banks
$24.02 Up 0.27 (1.14%) Jun 10
ACNB Corp., through its subsidiaries, provides various banking and financial services to individuals and businesses in the United States. It accepts various deposit products, including money market accounts, interest-bearing transaction accounts, non-interest bearing demand, savings, and time deposits. The company also provides commercial lending products comprising commercial mortgages, real estate development and construction loans, accounts receivable and inventory financing, agricultural, and governmental loans; consumer lending products, such as home equity loans and lines of credit, automobile and recreational vehicle loans, manufactured housing loans, and personal lines of credit; and mortgage lending products, which include personal residential mortgages, residential construction loans, and investment mortgage loans. In addition, it offers institutional and personal trust and investment management services; estate settlement services; and other services that are related to testamentary trusts, life insurance trusts, charitable remainder trusts, guardianships, powers of attorney, custodial accounts, and investment management and advisory accounts. Further, the company operates as an insurance agency that provides a range of property and casualty, life, and health insurance to commercial and individual clients. As of March 3, 2016, it operated a network of 21 retail banking offices located in Adams, Cumberland, Franklin, and York counties, Pennsylvania, as well as 1 loan production office in York County, Pennsylvania. The company was founded in 1857 and is headquartered in Gettysburg, Pennsylvania.
AgroFresh Solutions, Inc. (AGFS) -NasdaqGS
Sector: Conglomerates Industry: Conglomerates
$5.41 Down 0.05 (0.92%) Jun 10
AgroFresh Solutions, Inc. provides data-driven specialty solutions worldwide. Its solutions enable growers and packers of fresh produce to preserve and enhance the freshness, quality, and value of fresh produce, including apples, pears, kiwifruit, avocados, and bananas, as well as flowers. The company?s principal product includes SmartFresh Quality System that regulates the post-harvest ripening effects of ethylene to preserve the texture, firmness, taste, and appearance of produce during storage, transportation, and retail display. It also offers Harvista technology for pre-harvest management of pome fruit, such as apples and pears. In addition, the company is developing AdvanStore technology to monitor fresh fruit while in storage; and RipeLock Quality System that extends the shelf life of bananas. Further, it provides advisory services on the use of 1-Methylcyclopropene, an ethylene action inhibitor used to maintain freshness, as well as extend the shelf life of various fresh produce. The company was formerly known as Boulevard Acquisition Corp. and changed its name to AgroFresh Solutions, Inc. in July 2015. AgroFresh Solutions, Inc. is headquartered in Philadelphia, Pennsylvania.
ALJ Regional Holdings, Inc. (ALJJ) -NasdaqGM
$4.64 Up 0.32 (7.50%) Jun 10
ALJ Regional Holdings, Inc. provides outsourcing and co-sourced services to commercial and government entities in the healthcare, utility, toll, and transportation industries in South Korea. It operates through three segments: Faneuil, Carpets, and Phoenix. The Faneuil segment offers customer contact centers, fulfillment operations, and information technology services, as well as manual and electronic toll collection, violation processing, and medical device tracking services. This segment also provides customer relationship management; billing, payment, and claims processing; data entry; document management; operational expertise; workforce and support analytics; quality assurance; back office; system support and maintenance; and staffing services. The Carpets segment engages in the retail of floor coverings, including carpets, hardwood, laminates, tiles, ceramic, porcelain, natural stone, vinyl planks and tiles, and area rugs, as well as specialty flooring comprising bamboo, leather, cork, and large format tiles to home builders, and commercial and retail customers. This segment also offers countertop and surrounds primarily for bathrooms and kitchens; kitchen, bathroom, and garage cabinets; closet and closet organizers; and window coverings consisting of blinds, shutters, and shades, as well as stone and solid surface fabrication services. The Phoenix segment manufactures book components, educational materials, and related products producing value-added components, heavily illustrated books, and specialty commercial products. This segment also provides specialty manufacturing products, such as blades, folders, game boards, box wraps, posters, postcards, collectible cards, and others, as well as labels, wraps, and folding carton solutions. The company was formerly known as YouthStream Media Networks, Inc. and changed its name to ALJ Regional Holdings, Inc. in October 2007. ALJ Regional Holdings, Inc. was founded in 1995 and is based in New York, New York.
Alliance One International, Inc. (AOI) -NYSE
Sector: Consumer Goods Industry: Tobacco Products, Other
$16.35 Down 0.28(1.68%) Jun 10
Alliance One International, Inc. purchases, processes, packs, stores, and ships leaf tobacco for manufacturers of cigarettes and other consumer tobacco products worldwide. It operates through South America, Value Added Services, and Other Regions segments. The company is involved in processing and selling flue-cured, burley, and oriental tobaccos, which are used in international brand cigarettes. It also provides agronomy services for growing leaf tobacco. The company was founded in 1904 and is headquartered in Morrisville, North Carolina.
American Independence Corp. (AMIC) -NasdaqCM
Sector: Financial Industry: Accident & Health Insurance
22.15 0.00 (0.00%) Jun 9
American Independence Corp., through its subsidiaries, engages in the health insurance and reinsurance businesses in the United States. It provides specialized health coverage and related services to commercial customers and individuals. The company offers dental, vision, and short-term medical insurance products, as well as supplemental products comprising fixed indemnity limited benefit, critical illness, and hospital indemnity; pet insurance; and non-subscriber occupational accident, as well as New York state disability benefits law insurance products. American Independence Corp. offers its products and services through independent managing general underwriters, independent brokers, producers, and agents, as well as directly to customers. The company was founded in 1956 and is based in New York, New York. American Independence Corp. is a subsidiary of Independence Holding Company.
American Renal Associates Holdings, Inc. (ARA)
28.96 Down 0.04 (0.14%) Jun 10
American Renal Associates Holdings, Inc. operates as a dialysis services provider in the United States focused exclusively on joint venture partnerships with physicians. The company, through its subsidiaries, owns and operates kidney dialysis facilities to patients suffering from chronic kidney failure or end stage renal disease (ESRD). As of March 31, 2016, it owned and operated 194 dialysis clinics in 25 states and the District of Columbia. The company was formerly known as C.P. Atlas Holdings, Inc. and changed its name to American Renal Associates Holdings, Inc. in February 2011. American Renal Associates Holdings, Inc. was founded in 1999 and is headquartered in Beverly, Massachusetts.
American Superconductor Corporation (AMSC) -NasdaqGS
Sector: Industrial Goods Industry: Industrial Electrical Equipment
$8.81 Down 0.28 (3.08%) Jun 10
American Superconductor Corp provides megawatt-scale solutions worldwide. The company operates through two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers. This segment’s design portfolio comprises a range of drivetrains and power ratings of 2 megawatts. The Grid segment offers products and services that enable electric utilities and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand. It provides transmission planning services, which identify power grid congestion, poor power quality, and other risks; grid interconnection solutions for wind farms and solar power plants, power quality systems, and transmission and distribution cable systems; resilient electric grid systems, which provide protection against the adverse effects that follow the loss of critical substation facilities in urban areas; and ship protection systems, which reduce a naval ship’s magnetic signature. This segment also offers flexible alternating current transmission system, a system that consists of power electronics and other static components used for controlling power flow and voltage in the AC transmission system; and standalone fault current limiters, which act as surge protectors for the power grid. American Superconductor Corporation was founded in 1987 and is headquartered in Devens, Massachusetts.
Ampco-Pittsburgh Corp. (AP) -NYSE
Sector: Industrial Goods Industry: Diversified Machinery
$13.78 Down 0.32(2.27%) Jun 10
Ampco-Pittsburgh Corp., together with its subsidiaries, manufactures and sells custom designed engineering products to commercial and industrial users worldwide. It operates in two segments, Forged and Cast Engineered Products, and Air and Liquid Processing. The Forged and Cast Engineered Products segment produces forged hardened steel rolls that are used in cold rolling by producers of steel, aluminum, and other metals; ingot and open die forged products for use in the gas and oil, and the aluminum and plastic extrusion industries; and cast rolls for hot and cold strip mills, medium/heavy section mills, and plate mills in various iron and steel qualities. This segment also offers forged rolls for cluster mills and Z-Hi mills; work rolls for narrow and wide strip and aluminum mills; back-up rolls for narrow strip mills; leveling rolls and shafts; and bearings, bushings, and key and keyless bearing sleeves, as well as provides a range of services, including rebuild of mill spare parts, chock inspection and repair, and onsite inspections and installations. The Air and Liquid Processing segment produces custom-engineered finned tube heat exchange coils and related heat transfer products for various industries, including fossil fuel and nuclear power generation, automotive, industrial process, and HVAC; and air handling systems for use in commercial, institutional, and industrial buildings. This segment also provides centrifugal pumps for the refrigeration, power generation, and marine defense industries. Ampco-Pittsburgh Corp. was founded in 1929 and is headquartered in Carnegie, Pennsylvania
Ampio Pharmaceuticals, Inc. (AMPE) -NYSE
Sector: Healthcare Industry: Biotechnology
$3.67 Down 0.16 (4.18%) Jun 10
Ampio Pharmaceuticals, Inc., a biopharmaceutical company, focuses on developing therapies for the treatment of prevalent inflammatory conditions in the United States. The company is developing compounds that decrease inflammation by inhibiting specific pro-inflammatory compounds by affecting specific pathways at the protein expression and at the transcription level; activating specific phosphatase or depleting available phosphate needed for the inflammation process; and decreasing vascular permeability. Its product pipeline includes Ampion for the treatment of osteoarthritis of the knee; and Optina that is in Phase IIb clinical trial for diabetic macular edema. Ampio Pharmaceuticals, Inc. is headquartered in Englewood, Colorado.
Anavex Life Sciences Corp. (AVXL) -NasdaqCM
Sector: Healthcare Industry: Biotechnology
$4.21 Down 0.23 (5.18%) Jun 10,
Anavex Life Sciences Corp., a clinical stage biopharmaceutical company, engages in the development of drug candidates for the treatment of Alzheimer?s disease, other central nervous system diseases, pain, and various cancers. The company?s lead drug candidates include ANAVEX 2-73 and ANAVEX PLUS, a combination of ANAVEX 2-73 with donepezil, which is in a Phase 2a clinical trial for the treatment of Alzheimer?s and other central nervous system diseases. Its preclinical drug candidates include ANAVEX 3-71, which uses ligands that activate sigma-1 receptors to treat Alzheimer?s disease; ANAVEX 1-41, a sigma-1 agonist that protects nerve cells from degeneration or death; and ANAVEX 1037 for the treatment of prostate cancer. The company was founded in 2006 and is based in New York, New York.
Aqua Metals, Inc. (AQMS) -NasdaqCM
Sector: Industrial Goods Industry: Waste Management
$10.55 Down 0.41(3.74%) Jun 10
Aqua Metals, Inc. engages in the business of recycling lead. It has developed AquaRefining, a process for recycling lead acid batteries. The company was founded in 2014 and is headquartered in Alameda, California.
Argos Therapeutics, Inc. (ARGS) -NasdaqGM
$7.41 Down 0.09(1.20%) Jun 10
Argos Therapeutics, Inc. focuses on the development and commercialization of individualized immunotherapies for the treatment of cancer and infectious diseases in North America. The company develops immunotherapies based on Arcelis, its proprietary technology platform. Its development stage products include AGS-003, which is under Phase III clinical trials for the treatment of metastatic renal cell carcinoma and other cancers; and AGS-004, which is in Phase II clinical trials for the treatment of human immunodeficiency virus. The company was formerly known as Merix Bioscience, Inc. and changed its name to Argos Therapeutics, Inc. in October 2004. Argos Therapeutics, Inc. was founded in 1997 and is headquartered in Durham, North Carolina.