Powerfleet To Join Russell 2000 Index, Effective At Open On Jul. 1
Portfolio Pulse from Benzinga Newsdesk
Powerfleet (PWFL) will join the Russell 2000 Index, effective at the market open on July 1.
June 10, 2024 | 12:06 pm
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POSITIVE IMPACT
Powerfleet (PWFL) will be included in the Russell 2000 Index starting July 1. This inclusion is likely to increase the stock's visibility and liquidity, potentially attracting more investors.
Inclusion in the Russell 2000 Index typically leads to increased visibility and liquidity for the stock, as index funds and institutional investors that track the index will need to purchase shares of PWFL.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100