The Center for Business and Economic Research at Marshall University has released an updated version of its West Virginia Stock Index. The index is published weekly on the center's website.
The WV Stock Index began on Jan. 5, 2004 and tracks the share price of the largest publicly traded companies that operate in West Virginia, weighted by employment. The resulting index is compared to the Dow Jones Industrial Average for the same time period.
The original index, created by researcher Christine Risch, contained 20 companies that employed over 50,000 West Virginians. The updated index has increased in scope, adding five companies and now accounts for 60,000 employed West Virginians. This increase has diversified the industries represented.
Economics and International Business major Noelle Kivett updated the index as part of her final undergraduate research project at CBER.
The Companies included in the index by level of employment are Wal-Mart, Alpha Natural Resources, Kroger, CONSOL Energy, Patriot Coal Corporation, Lowe's Companies, Mylan Incorporated, American Electric Power, El DuPont de Nemours, Sears Holdings Corporation, Pilgrim's Pride Corporation, First Energy, CSX Corporation, Rite Aid Corporation, Bob Evans Farms, Frontier Telecommunications, Alliant Techsystems, MTR Gaming, Dollar General, Darden Restaurants, BB&T, Dominion Transmission Incorporated, Cracker Barrel Old Country Store, Toyota Motor Manufacturing, and Quad Graphics.For more information about this index, contact Christine Risch at 304-696-6251 or visit www.marshall.edu/cber.