Ocugen Inc (NASDAQ:OCGN) stock is trading with modest gains in the pre-market session after the news. The stock has been under pressure over the past week with a fall of 36%.
Market Reaction
As of 7:45, OCGN stock is up by 3.19% at $6.46 with more than 446 shares traded hands.
Major Trigger:
Ocugen Inc. Set to Join Russell 3000® Index
Key Highlights:
- announced that it is set to join the broad-market Russell 3000® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the US market opens on June 28, 2021, according to a preliminary list of additions posted June 4, 2021.
- The annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 7, 2021, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes.
- FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes. Salarius Pharmaceuticals Inc (NASDAQ:SLRX) is trading up in the pre-market session on Wednesday. The stock has been witnessing solid rally over the past 6-month with a jump 45%.
Key Quote:
“As part of the reconstitution process to ensure that new and growing equities are included, we are pleased to be added to the Russell 3000® index which measures the performance of the largest US companies representing approximately 98% of the investable US equity market,” said Sanjay Subramanian, CFO and Head of Corporate Development of Ocugen.
Market Reaction
As of 8:47, SLRX is up by 0.83% to $1.22 with 122K shares traded hands.
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