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Stock impact report

Pagaya Technologies is Set to Join the Russell 2000® Index [Yahoo! Finance]

Pagaya Technologies Ltd. (PGY) 
Company Research Source: Yahoo! Finance
solutions for the financial ecosystem, announced today that as part of the annual reconstitution of the Russell stock indexes, Pagaya is set to join the Russell 2000® Index and the broad-market Russell 3000® Index, effective at the open of US equity markets on Monday, July 1st. A preliminary list of Russell 3000® Index additions, including Pagaya, was posted by FTSE Russell on May 24, 2024. Annual Russell index reconstitution captures coverage of up to 4,000 of the largest US stocks by total market capitalization as of the reconstitution rank date. FTSE Russell determines membership for its various Russell indexes primarily by objective, market-capitalization and style attributes. "We are thrilled to join the Russell 2000® Index, one of the most widely referenced benchmarks in U.S. equity markets," said Evangelos Perros, CFO of Pagaya. "Inclusion reflects our team's efforts to improve our stock's marketability, as we adopt U.S. capital markets best practices while continuing to de Show less Read more
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