General Cable Corp. (DE) (BGC) Drops 6.16% on January 07

Equities Staff |

General Cable Corp. (DE) (BGC) was one of the Russell 2000's biggest losers for Thursday January 07 as the stock slid 6.16% to $11.57, a loss of $-0.76 per share. Starting at an opening price of $12.02 a share, the stock traded between $11.51 and $12.02 over the course of the trading day. Volume was 249,393 shares over 2,314 trades, against an average daily volume of 418,353 shares and a total float of 48.89 million.

The losses send General Cable Corp. (DE) down to a market cap of $565.63 million. In the last year, General Cable Corp. (DE) has traded between $21.31 and $10.70, and its 50-day SMA is currently $14.23 and 200-day SMA is $15.82.

General Cable Corp is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets.

General Cable Corp. (DE) is based out of Highland Heights, KY and has some 13,000 employees. Its CEO is Peter Armstrong Campbell / Robert D. Kenny / Gregory J. Lampert / Michael T. McDonnell.

For a complete fundamental analysis analysis of General Cable Corp. (DE), check out Equities.com’s Stock Valuation Analysis report for BGC. 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.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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