RealNetworks Inc. (RNWK) Plunges 5.41%

RealNetworks Inc. (RNWK) Plunges 5.41%

RealNetworks Inc. (RNWK) had a rough trading day for Monday October 07 as shares tumbled 5.41%, or a loss of $-0.08 per share, to close at $1.40. After opening the day at $1.46, shares of RealNetworks Inc. traded as high as $1.47 and as low as $1.40. Volume was 9,063 shares over 74 trades, against an average daily volume of n/a shares and a total float of 38.07 million.

As a result of the decline, RealNetworks Inc. now has a market cap of $53.29 million. In the last year, shares of RealNetworks Inc. have traded between a range of $3.41 and $1.40, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

RealNetworks Inc is a digital media services and products company offering video sharing and storage application, casual and casino games, direct-to-consumer ringback tone and productivity tool, and RealPlayer. The company also develops and markets software products and services that enable the creation, distribution, and consumption of digital media, including audio and video. It operates its business in three segments which are Consumer Media, Mobile Services and Games. RealNetworks has operations in the United States, Europe, Korea, and Rest of the World.

RealNetworks Inc. is based out of Seattle, WA and has some 441 employees. Its CEO is Robert Glaser.

RealNetworks Inc. is a component of the Russell 2000. 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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