Carisma Therapeutics To Be Added To Russell 2000, Russell 3000 And Russell Microcap Indexes
Portfolio Pulse from Benzinga Newsdesk
Carisma Therapeutics (CARM) will be added to the Russell 2000, Russell 3000, and Russell Microcap Indexes, potentially increasing its visibility and attracting more investors.
June 26, 2023 | 12:33 pm
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POSITIVE IMPACT
Carisma Therapeutics' addition to the Russell 2000, 3000, and Microcap Indexes may increase its visibility and attract more investors, potentially leading to a short-term positive impact on its stock price.
Being added to these indexes increases a stock's visibility and credibility among investors. This can lead to increased demand for the stock, potentially driving up its price in the short term. Additionally, funds that track these indexes may be required to purchase the stock, further increasing demand.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100