Presidio Property Trust Announces Conduit Pharmaceuticals To Be Added To Russell 2000 Index Effective July 1, 2024; Presidio Owns 6.3% Of Conduit
Portfolio Pulse from Benzinga Newsdesk
Presidio Property Trust announced that Conduit Pharmaceuticals will be added to the Russell 2000 Index effective July 1, 2024. Presidio owns 6.3% of Conduit.
May 29, 2024 | 8:23 pm
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POSITIVE IMPACT
Conduit Pharmaceuticals will be added to the Russell 2000 Index on July 1, 2024, which could increase its visibility and attract more investors.
Being added to the Russell 2000 Index typically increases a company's visibility and can attract more institutional and retail investors, potentially driving up the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Presidio Property Trust, which owns 6.3% of Conduit Pharmaceuticals, may benefit from Conduit's addition to the Russell 2000 Index.
As a significant shareholder of Conduit Pharmaceuticals, Presidio Property Trust may see indirect benefits from Conduit's increased visibility and potential stock price appreciation.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80