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Stock impact report

GigaCloud Technology Inc Joins Russell 2000 Index [Yahoo! Finance]

GigaCloud Technology Inc (GCT) 
Company Research Source: Yahoo! Finance
end-to-end B2B technology solutions for large parcel merchandise, today announced that it has been added to the Russell 2000 ® Index effective June 28, 2024, after the U.S. market close. "Being included in the Russell 2000 Index signifies GigaCloud's significant growth and the progress we have made over the last year," said Larry Wu, Founder, Chairman, and Chief Executive Officer of GigaCloud. "We take great pride in achieving this milestone, which will enhance the Company's visibility within the investment community as we continue to solidify our position at the forefront of streamlining the global wholesale supply chain for large parcel merchandise." The Russell indexes are widely used by investment managers and institutional investors for index funds, and as benchmarks for active investment strategies. The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. The Russell 2000 Index is a Show less Read more
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