Time Inc (TIME) was one of the Russell 2000's biggest losers for Thursday February 11 as the stock slid 9.36% to $12.30, a loss of $-1.27 per share. Starting at an opening price of $13.33 a share, the stock traded between $12.27 and $14.00 over the course of the trading day. Volume was 1.42 million shares over 10,424 trades, against an average daily volume of 1.12 million shares and a total float of 109.77 million.
The losses send Time Inc down to a market cap of $1.35 billion. In the last year, Time Inc has traded between $25.23 and $13.03, and its 50-day SMA is currently $14.98 and 200-day SMA is $19.03.
Time Inc is a media company engaged in publication of magazines such as TIME, PEOPLE, Sports Illustrated, InStyle, Real Simple, Travel + Leisure & FOOD & WINE. Its franchises include FORTUNE 500, TIME 100 & PEOPLE's Sexiest Man Alive, among others.
Time Inc is based out of New York, NY and has some 7,000 employees. Its CEO is Joseph A. Ripp.
For a complete fundamental analysis analysis of Time Inc, check out Equities.com’s Stock Valuation Analysis report for TIME. 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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