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Convenience stores operator, Arko Corp (NASDAQ: ARKO), is set to join the broad-market Russell 2000 Index after the 2021 Russell indexes annual reconstitution.
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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.
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Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of May 7, ranking them by total market capitalization.
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“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.
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Russell indexes are part of FTSE Russell, a leading global index provider which determines membership by objective, market-capitalization rankings, and style attributes.
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Price action: ARKO shares closed lower by 2.1% at $10.05 on Tuesday.
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