Acacia Research Corp. (ACTG) was among the biggest gainers on the Russell 2000 for Wednesday January 06 as the stock popped 6.74% to $4.20, representing a gain of $0.265 per share. Some 870,897 shares traded hands on 4,658 trades, compared with an average daily volume of 673,952 shares out of a total float of 50.74 million. The stock opened at $3.90 and traded with an intraday range of $4.24 to $3.68.
After today's gains, Acacia Research Corp. reached a market cap of $212.84 million. Acacia Research Corp. has had a trading range between $17.22 and $3.62 over the last year, and it had a 50-day SMA of $5.67 and a 200-day SMA of $8.44.
Acacia Research Corporation is an intermediary in the patent marketplace, facilitating efficiency and delivering monetary rewards to patent owners.
Acacia Research Corp. is based out of Newport Beach, CA and has some 57 employees. Its CEO is Marvin Key.
For a complete fundamental analysis analysis of Acacia Research Corp., check out Equities.com’s Stock Valuation Analysis report for ACTG. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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