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Neonode Set to Join Russell 2000® Index
Prnewswire· 2025-06-03 13:45
Group 1 - Neonode Inc. will be added to the U.S. small-cap Russell 2000 Index effective June 30, 2025, as part of the 2025 Russell indexes reconstitution [1] - Membership in the Russell 2000 Index is based on inclusion in the broader Russell 3000 Index and will last for one year [1] - Neonode's stock will also be included in the relevant growth and value indexes, which are determined by market-capitalization rankings and style attributes [1][3] Group 2 - The inclusion in the Russell 2000 Index is seen as a significant milestone for Neonode, enhancing its visibility within the investor community [2] - The Russell indexes are widely utilized by investment managers and institutional investors, with approximately $10.6 trillion in assets benchmarked against them as of June 2024 [3] - FTSE Russell plans to transition to a semi-annual reconstitution frequency starting in 2026 to ensure the indexes accurately represent the market [4]