GigaCloud Technology Joins Russell 2000 Index
Portfolio Pulse from Benzinga Newsdesk
GigaCloud Technology Inc (NASDAQ:GCT) has been added to the Russell 2000 Index, effective June 28, 2024, after the U.S. market close.
July 01, 2024 | 12:36 pm
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GigaCloud Technology Inc (NASDAQ:GCT) has been added to the Russell 2000 Index, effective June 28, 2024. This inclusion is likely to increase the stock's visibility and attract more institutional investors.
Being added to the Russell 2000 Index typically increases a company's visibility and can attract more institutional investors, which may positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100