Merge Healthcare Inc. ($MRGE) was among the biggest gainers on the Russell 2000 for October 20 as the stock popped 5.00% to $2.31, representing a gain of $0.11 per share. Some 190,774 shares traded hands on 1,248 trades, compared with an average daily volume of 165,191 shares out of a total float of 98,359,903. The stock opened at $2.20 and traded with an intraday range of $2.13 to $2.34.
After today’s gains, Merge Healthcare Inc. reached a market cap of $227,211,376. Merge Healthcare Inc. has had a trading range between $2.84 and $1.97 over the last year, and it had a 50-day SMA of $2.42 and a 200-day SMA of $2.35.
Merge Healthcare Inc develops software solutions that facilitate the sharing of images to create a more effective and efficient electronic healthcare experience for patients and physicians.
Merge Healthcare Inc. is based out of Chicago, IL and has some 800 employees. It’s CEO is Justin C. Dearborn.
For a full analysis of Merge Healthcare Inc., check out Equities.com’s E.V.A. report.
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.
