Noranda Aluminum drops 6.42% on October 1

Noranda Aluminum Holding (NOR) was one of the Russell 2000's biggest losers for October 1 as the stock slid 6.42% to $4.23, a loss of $0.29 per share. Starting at an opening price of $4.49 a share, the stock traded between $4.20 and $4.58 over the course of the trading day. Volume was 850,916 shares over 4,102 trades, against an average daily volume of 1,091,857 shares and a total float of 68,852,804.

The losses send Noranda Aluminum Holding down to a market cap of $291,247,361. In the last year, Noranda Aluminum Holding has traded between $5.64 and $2.21, and its 50-day SMA is currently $4.52 and 200-day SMA is $3.83.

For a full analysis of Noranda Aluminum Holding, check out Equities.com's E.V.A. report.

Noranda Aluminum Holding Corp is a North American integrated producer of value-added primary aluminum products and high quality rolled aluminum coils.

Noranda Aluminum Holding, led by CEO Layle K. Smith, has 2350 employees and is headquartered in Franklin, TN.

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The broad-based Russell 3000, which is meant to cover the stock market as a whole, is simply the 3,000 companies with the largest market cap in the United States. The Russell 2000 is then just the bottom 2,000 companies of that index, offering a look at those small-cap companies with smaller market caps. It makes for an unbiased overview of the small-cap stocks that can help any investor get a better sense of what the market is doing and where it might be headed.