Iconix Brand Group, Inc. Message Board

  • eddiew37 eddiew37 Dec 24, 2012 9:12 AM Flag

    moving on up to the east side

    Iconix Brand Group Moves Up In Market Cap Rank, Passing DeVRY

    In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Iconix Brand Group Inc (NASD: ICON) was identified as having a larger market cap than the smaller end of the S&P 500, for example DeVRY Inc. (NYSE: DV), according to The Online Investor. Click here to find out the top S&P 500 components ordered by average analyst rating »

    Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company’s stock. Many beginning investors look at one stock trading at $10 and another trading at $20 and mistakenly think the latter company is worth twice as much — that of course is a completely meaningless comparison without knowing how many shares of each company exist. But comparing market capitalization (factoring in those share counts) creates a true “apples-to-apples” comparison of the value of two stocks. In the case of Iconix Brand Group Inc (NASD: ICON), the market cap is now $1.52B, versus DeVRY Inc. (NYSE: DV) at $1.51B.

6.915+0.175(+2.60%)1:28 PMEDT