Monday, July 3, was the first trading day for the reconstituted Russell indexes. The Russell U.S. index reconstitution is done on a yearly basis to reflect changes in market characteristics. San Diego-based firms were affected by the changes.
The Russell 3000 Index measures the performance of the 3,000 largest American companies. It can be split into the Russell 1000, which measures the largest 1,000 companies, and the Russell 2000, which measures 2,000 smaller companies. It bases the companies it measures on total marketable capitalization. The Russell 3000 altogether measures the performance of about 98 percent of the investable U.S. equity market.
The Russell Microcap Index measures performance of the microcap segment, representing less than 3 percent of the U.S. equity market. The Russell Microcap Index includes the smallest 1,000 securities in the small-cap Russell 2000 Index plus the next 1,000 securities.
The following companies were added to the Russell 3000 Index
Adventrx Pharmaceuticals (AMEX: ANX); Industry: Biotech
Anadys Pharmaceuticals (Nasdaq: ANDS); Industry: Biotech
Leap Wireless International Inc. (Nasdaq: LEAP); Industry: Wireless Communications
Maxwell Technologies Inc. (Nasdaq: MXWL); Industry: Energy Storage
Metabasis Therapeutics (Nasdaq: MBRX); Industry: Biotech (Company was also added to Russell Microcap Index)
PriceSmart Inc. (Nasdaq: PSMT); Industry: Retail
Quidel Corp. (Nasdaq: QDEL); Industry: Diagnostic Tests
Santarus Inc. (Nasdaq: SNTS); Industry: Biotech
The following companies were deleted from the Russell 3000 Index
Dot Hills Systems Corp. (Nasdaq: HILL); Industry: Data Storage
Encore Captial Group Inc. (Nasdaq: ECPG); Industry: Consumer Receivables
Nanogen Inc. (Nasdaq: NGEN); Industry: Biotech
Stratagene Corp. (Nasdaq: STGN); Industry: Biotech
The following companies were added to the Russell Microcap Index
InfoSonics Corp. (AMEX: IFO); Industry: Electronics
K2 Inc. (Nasdaq: KTO); Industry: Sports Equipment
La Jolla Pharmaceutical (Nasdaq: LJPC); Industry: Biotech
MicroIslet Inc. (Nasdaq: MII); Industry: Biotech
Micromet Inc. (Nasdaq: MITI); Industry: Biotech (Formerly Cancervax)
The following companies were deleted from the Russell Microcap Index
AMN Healthcare Services (Nasdaq: AHS); Industry: Healthcare Staffing
Arena Pharmaceuticals (Nasdaq: ARNA); Industry: Biotech
BOFI Holding Inc. (Nasdaq: BOFI); Industry: Retail Banking
CardioDynamics International Corp. (Nasdaq: CDIC); Industry: Medical
Cryocor Inc. (Nasdaq: CRYO); Industry: Biotech
Discovery Partners International (Nasdaq: DPII); Industry: Biotech (Company reverse merging with Infinity Pharmaceuticals Inc.)
Illumina Inc. (Nasdaq: ILMN); Industry: Biotech
Kintera Inc. (Nasdaq: KNTA) Industry: Software
Xenonics Holdings Inc. (AMEX: XNN); Industry: Lighting
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