Reneo Pharmaceuticals Added To Russell 2000 And Russell 3000 Indices
Portfolio Pulse from Happy Mohamed
Reneo Pharmaceuticals (NASDAQ:RPHM) has been added to the Russell 3000 and Russell 2000 indices after the 2023 annual reconstitution. Russell indexes are used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.
June 26, 2023 | 12:26 pm
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Reneo Pharmaceuticals has been added to the Russell 3000 and Russell 2000 indices, potentially increasing its visibility among investors.
Being added to the Russell 3000 and Russell 2000 indices increases the visibility of Reneo Pharmaceuticals among investment managers and institutional investors. This could lead to increased demand for the stock and potentially drive its price higher in the short term.
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