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First United up 6% after Russell 2000 inclusion

Stock MarketsJun 11, 2018 10:33AM ET
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© Reuters. First United up 6% after Russell 2000 inclusion
  • The initial Russell indexes reconstitution announcement came late Friday. Updates will come over the next two Fridays, with the new indexes taking effect on June 22.
  • Barely squeaking past the threshold for inclusion into the Russell 2000 was First United Corporation (NASDAQ:FUNC).
  • Seeking Alpha contributor Chris DeMuth is a fan of the stock on its own merits. Add in the catalyst of forced index fund purchases of this low-volume name, and the stock could be in the upper $20s by month-end.
  • Shares up 6.2% today to $22.19.
  • Full list of inclusions here
  • ETFs: IWM, TZA, TNA, UWM, TWM, URTY, RWM, SRTY, VTWO, SPSM, SMLL, EQWS, SCAP, OMFS, RYRSX
  • Previously: First United up 14% as SA contributor spots catalyst (May 10)
  • Now read: Could The Fed Help The 'Goldilocks Economy' Return?


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First United up 6% after Russell 2000 inclusion
 

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