Veeco Instruments Inc. (VECO) was among the biggest gainers on the Russell 2000 for Tuesday February 16 as the stock popped 5.14% to $18.73, representing a gain of $0.915 per share. Some 212,434 shares traded hands on 2,019 trades, compared with an average daily volume of 412,243 shares out of a total float of 40.94 million. The stock opened at $18.02 and traded with an intraday range of $18.96 to $17.86.
After today's gains, Veeco Instruments Inc. reached a market cap of $766.66 million. Veeco Instruments Inc. has had a trading range between $33.22 and $16.54 over the last year, and it had a 50-day SMA of $19.19 and a 200-day SMA of $23.38.
Veeco Instruments Inc design, manufacture, and market thin film equipment. The Company's equipment are sold to make electronic devices including LED, power electronics, wireless devises, hard disk drives and semiconductors.
Veeco Instruments Inc. is based out of Plainview, NY and has some 800 employees. Its CEO is .
For a complete fundamental analysis analysis of Veeco Instruments Inc., check out Equities.com’s Stock Valuation Analysis report for VECO. 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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