Avid Bioservices Inc (CDMO)

[cjgaddy]

R3000 MktCaps Capture (Ranking) day is this FRIDAY(May11). Addition to Russell3000 (cutoff: 5-11-18) looking good, based on R3000 up ~12% since last year’s rank date (5-12-17). CDMO’s current MktCap=$~199M, and if the ranking were today (it’s actually FRIDAY 5-11-18), the 2018 R3000 cutoff would be ~$162M.
The Indexes are actually reconstituted on Monday 6-25-18.

Russell3000 Cutoffs:
2015: $176.7M
2016: $132.9M
2017: $143.6M
2018: a/o 5-8-18, UP ~12.1% => ‘18 cutoff EST. = ~$162M (based on 5/12/17 – 5/8/18)
http://www.ftserussell.com/research-insights/russell-reconstitution/market-capitalization-ranges

CDMO Mkt. Cap a/o 5-8-18 = ~$199M (Shares O/S = 55,552,233)
https://finance.yahoo.com/quote/CDMO?p=CDMO

R3000 INDEX Quote:
https://www.marketwatch.com/investing/index/rua
5-12-17: 1,416
5-8-18: 1,588 +12.1%

RUSSELL ANNUAL RECONSTITUTION
Rank Day 2017: 5-12-17
Rank Day 2018: 5-11-18 (takes effect 6-25-18/Monday)
http://www.ftserussell.com/index-series/index-resources/russell-reconstitution