This page has been archived and commenting is disabled.
Twitter To Be Added To Wilshire 5000 On Friday
Just when Twitter briefly dipped in bear market territory from its post IPO highs, and threatened to wipe out the retail mania of 2013 (very much as FaceBook did in 2012), here comes the hail mary to provide the most anticipated IPO of the year its second wind. Of course, how inclusion in the Wilshire 5000 will boost TWTR profitability, remains a mystery.
Twitter to be Added to the Wilshire 5000 After Market Close on Friday, November 15
Rules-Based Index Provides for Inclusion Seven Trading Days After IPO
Only seven trading days after completing its initial public offering (IPO), Twitter Inc. (NYSE:TWTR) will be added to the Wilshire 5000 Total Market Index(SM)effective after the markets close on Friday, November 15, 2013, according to Wilshire Associates Incorporated (Wilshire(R)), a diversified global financial services firm. The inclusion will be in conjunction with the regular monthly additions and deletions of the Wilshire 5000(R).
"From its inception in 1974, the intent always has been for the Wilshire 5000 Total Market Index to be the most complete and investable measure of the total U.S. equity market," noted Robert J. Waid, managing director. "As a rules-based index, the Wilshire 5000 does not need to make special accommodations for early entry of large IPOs, like Twitter, as stock additions always have been made monthly for U.S. companies with readily available price data. The Twitter IPO is no exception," he concluded.
Other securities to be added next week include The Container Store Group Inc. and Burlington Stores, Inc.
The Wilshire 5000, the original pure and complete(SM) measure of the U.S. stock market, was developed in 1974 by Dennis A. Tito, chairman and chief executive officer of Wilshire. The Wilshire 5000 is widely considered the best way to track the U.S. equities market and estimate market value changes. The Wilshire 5000 Total Market exchange-traded fund (NYSE Arca:WFVK) is the only ETF based upon the Wilshire 5000.
»
- 4482 reads
- Printer-friendly version
- Send to friend
- advertisements -
inclusion or collusion?
and just as Twit was about to do a faceplant
Is there a twitter feed that can be used to tell the bernank to stop his madness
So are we to conclude that TWTR will be added to the dow next time we hit another all time low?
Congrats to all the twats using twitter. Another great Amurikan fad.
hey - have to go tweet this - but first I have to let my 1000 tweets per minute pass by
What no pomo today?
Twitter is the most impressive intelligence gathering mechanism of the 21st century, perhaps ever in global history. Makes Zuck's faceBook look like rank amateurs in terms of execution and effectiveness. And of course, where would Twitter be without the propaganda and agressive peer demands that everyone has to be there participating, sharing, and disclosing. We must for the good of our social standing, yes komrade? It all became clear to me when the Library of Congress struck their 2010 deal to archive all of the "public" tweets, sans memoryhole erasure, blocking, et cetera. And not one twitter user has demanded compensation for being pimped. Komrades, you will welcome your new overlords and sing them the songs of your peoples! Rejoice!
The key is the very last sentence of the article: "...ETF based upon the Wilshire 5000."
With index funds automatically buying stocks that get added to the index, and other funds restricted to only buying stocks on particular indices, the addition of a company to an index can provide an artificial boost to its stock price, a price mechanic which of course is gamed by various insiders.
For small caps, insiders can ramp the stock until it is included in a particular index, then cash out by selling to the rules-based buying of granny investor funds. Twitter may be too large to get a sizeable boost from this though.
http://drbenway.blogspot.com
This Olympian is hot enough to melt gold, silver and bronze all at once...
No earnings, no product just air and of course we will add it to a basket of other shit with no earnings or future like Facebook. Anyone recall Enron, Level Three, and all the other poster children for growth with NO earnings or product?