AGEM Releases July 2021 Index

LAS VEGAS, NV – In July 2021, the AGEM Index reported its first decline in eight months as it fell 70.06 points to 925.32 points. From a year-over-year perspective, however, the AGEM Index remained up 504.46 points (+119.9 percent).
In the last month, only three of the 13 AGEM Index companies reported increases in stock price. The main contributor to the index was Crane Co. (NYSE: CR), whose 5.3 percent increase in stock price led to a 6.29-point gain for the AGEM index. Transact Technologies (NASDQ: TACT) and Galaxy Gaming Inc. (OTCMKTS: GLXZ) also marked stock price increases of 21.3 percent and 23.3 percent, respectively. At the end of the period, Transact Technologies added 0.67 points to the overall index while Galaxy Gaming Inc. added 0.49 points.
The monthly decline in the index can be attributed to drops in stock price for most AGEM Index companies. The largest impacts to the index were driven by Scientific Games Corporation (NASDAQ: SGMS), which reported a 20.3 percent decrease in stock price that led to a 25.36-point index decline, and International Game Technologies PLC (NYSE: IGT), whose 21.7 percent decrease in stock price equated to a 17.60-point loss for the index.
In July, most companies in the AGEM Index experienced declines in their stock price from the prior month. However, 12 out of the 13 companies reported year-over-year gains on their stock values.
Unlike the stocks that contribute to the AGEM Index, the major indices posted positive percentage changes. The S&P 500, the Dow Jones Industrial Average and NASDAQ grew by 2.3, 1.3 and 1.2 percent, respectively.