Arko Set To Join Russell 2000 Index

Convenience stores operator, Arko Corp (NASDAQ: ARKO), is set to join the broad-market Russell 2000 Index after the 2021 Russell indexes annual reconstitution.
The inclusion will be effective after the U.S. market opens on June 28, according to a preliminary list of additions posted on June 4.
Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 7, ranking them by total market capitalization.
“We are committed to aggressive growth through the acquisition of strong regional community brands and this recognition is a testament to our success,” said Arie Kotler, Chief Executive Officer.
Russell indexes are part of FTSE Russell, a leading global index provider which determines membership by objective, market-capitalization rankings, and style attributes.
Price action: ARKO shares closed lower by 2.1% at $10.05 on Tuesday.

See more from Benzinga