MILWAUKEE — Stock in Roundy’s was up more than 8% Monday afternoon after the company was added to the Russell 2000 stock index.
The Russell 2000 is a subset of the Russell Global Index, providing a comprehensive barometer for evaluating small-cap stocks. Roundy’s has a market capitalization of about $530 million, near the median of companies in the Russell 2000 index.
"We are pleased with our inclusion in the Russell 2000 Index," said Robert Mariano, Roundy’s chairman, president and chief executive officer. "We expect our addition to the Russell 2000 Index will increase our visibility within the investment community and enhance shareholder value.”