Puma Biotechnology To Join Russell 3000 Index
Portfolio Pulse from Benzinga Newsdesk
Puma Biotechnology, Inc. (NASDAQ:PBYI) will join the Russell 3000 Index following Russell Investments' annual reconstitution. The inclusion will be effective after U.S. markets open on July 1.
May 28, 2024 | 1:02 pm
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Puma Biotechnology, Inc. (NASDAQ:PBYI) will be included in the Russell 3000 Index, effective July 1. This inclusion is likely to increase the stock's visibility and attract more institutional investors.
Inclusion in the Russell 3000 Index typically leads to increased visibility and can attract more institutional investors, which may positively impact the stock price in the short term.
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