Local Firms Land on Stock Index

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By
Muhammed El-Hasan
on June 30, 2008 6:23 PM | | Comments (0) |

Two South Bay firms were included in the Russell 3000 stock market index, thereby increasing their profile with investors.

Carson-based aerospace subcontractor Ducommun Inc. and Torrance-based PC Mall Inc., a direct marketer of technology products, were added to the index on Friday. They will remain on the index for one year.

Inclusion in the index was based on market capitalization.

The Russell 3000 and other Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for investment strategies.

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This page contains a single entry by Muhammed El-Hasan published on June 30, 2008 6:23 PM.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at dailybreeze.com

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