Local Firms Land on Stock Index
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.