Lineage Cell Therapeutics Inc (NYSEAMERICAN: LCTX), a clinical-stage biotechnology company involved in developing allogeneic cell therapies for unmet medical needs, in an official statement, announced that the company had made it to broad-market Russell 3000® Index as well as the Russell Microcap® Index.
Inpixon (NASDAQ: INPX) included in Russell Microcap® Index
Inpixon (NASDAQ: INPX), the Indoor Intelligence™ company, announced that it had made it to the Russell Microcap® Index. By taking advantage of a combination of the power of mapping, positioning, and analytics, the company is involved in creating safe and secure environments. A plethora of industries depend on solutions courtesy of Inpixon to enhance their productivity.
Nadir Ali, CEO of Inpixon, commented, “We are pleased to be included in the Russell Microcap Index. We believe this addition is reflective of our continued growth over the past year as we completed meaningful acquisitions and enhanced our Indoor Intelligence platform. We also added our smart office app with The CXApp acquisition which is being used by large enterprises to facilitate safe office re-openings, desk bookings, employee engagement and hybrid events. We are experiencing strong demand for our solutions and believe the Russell Microcap Index inclusion will help improve awareness, liquidity, and exposure of our securities within the global community of institutional and retail investors.”
Annually 4,000 most extensive U.S. stocks are captured by the Russell indexes
Every year Russell indexes take note of the 4,000 most extensive U.S. stocks and rank the stocks based on the overall market capitalization. Thus, once a company’s stock finds its way to U.S. all-cap Russell 3000® Index, it means that the stock will remain on the list for one year. Additionally, the individual stock will be automatically included in automatic both the large-cap Russell 1000® Index or small-cap Russell 2000® FTSE Russell concludes membership for its Russell indexes solely by objective, market-capitalization rankings, and style attributes.
Investment managers and institutional investors for index funds depend on Russell indexes. Being part of FTSE Russell, Russell indexes double up as a yardstick for the investment community to plan and implement investment strategies.