Angelica Included in Russell 2000 and 3000 Indexes.Business Editors ST. LOUIS--(BUSINESS WIRE)--July 18, 2002 Angelica Corporation (NYSE NYSE See: New York Stock Exchange :AGL (programming) AGL - (Atelier de Genie Logiciel) French for IPSE. ) announced today that its stock is now included in the Russell 3000 broad market index as well as the Russell 2000 small-cap index, both of which are compiled by the Frank Russell Frank Russell may refer to the following people:
US equity index widely used by pension and mutual fund investors that are weighted by market capitalization and published by the Frank Russell Company of Tacoma, Washington. are rebalanced and reconstituted annually effective July 1 to accurately rank companies in the U.S. stock market by market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . Angelica's increase in market capitalization over the past year resulted in its inclusion in the new indexes. More than $250 billion is invested in funds that rely on the Russell indexes as investment models, and an estimated $850 billion of assets are benchmarked to Russell indexes. Investment managers responsible for index funds typically purchase shares of the index companies according to their weighting in the particular index. Don Hubble, Chairman, President and Chief Executive Officer of Angelica said, "Angelica's market capitalization has increased by over 55 percent over the last twelve months. We're pleased that our increased market value warrants inclusion in the Russell indexes, as this should increase Angelica's visibility in the investment market." Angelica Corporation, traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol AGL, provides textile rental and laundry services to healthcare institutions, and operates a national chain of retail uniform and shoe stores with a fully-integrated catalogue and e-commerce operation. |
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