Sonim Technologies Set To Join Russell Microcap Index
Portfolio Pulse from Happy Mohamed
Sonim Technologies (NASDAQ:SONM) is set to join the Russell Microcap Index on June 26, 2023, following the annual reconstitution. The inclusion reflects the company's growth and profitability under new management, with expansion into additional markets.
May 30, 2023 | 3:12 pm
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Sonim Technologies' inclusion in the Russell Microcap Index reflects its growth and profitability, potentially attracting more investors and boosting its stock price.
Sonim Technologies' inclusion in the Russell Microcap Index is a positive development for the company, as it reflects its growth and profitability under new management. This could attract more investors and boost its stock price in the short term, as the index is widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.
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