Pendrell Corporation (PCO) Drops 7.03% on January 01

Equities Staff |

Pendrell Corporation (PCO) was one of the Russell 2000's biggest losers for Friday January 01 as the stock slid 7.03% to $0.50, a loss of $-0.0379 per share. Starting at an opening price of $0.55 a share, the stock traded between $0.50 and $0.55 over the course of the trading day. Volume was 320,785 shares over 940 trades, against an average daily volume of 425,247 shares and a total float of 267.98 million.

The losses send Pendrell Corporation down to a market cap of $134.28 million. In the last year, Pendrell Corporation has traded between $1.71 and $0.49, and its 50-day SMA is currently $0.61 and 200-day SMA is $1.06.

Pendrell Corp through its subsidiary, invests, acquires and develops businesses with technologies that are protected by intellectual property (IP) rights.

Pendrell Corporation is based out of Kirkland, WA and has some 57 employees. Its CEO is Lee E Mikles.

For a complete fundamental analysis analysis of Pendrell Corporation, check out Equities.com’s Stock Valuation Analysis report for PCO. 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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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