The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Russell indexes undergo an annual reconstitution reflecting changes in market capitalization and growth characteristics of large-cap US stocks. As part of this process, eBay Inc. was added to the Russell 1000 Growth benchmark, while Copart Inc. was removed, according to market reports. Other additions include NVR, Cummins, C.H. Robinson, and Analog Devices, while Brown & Brown was also dropped.
The index methodology relies on relative growth scores of constituent stocks, and the reconstitution triggers passive flows from index-tracking funds. Per market data, eBay closed at $107.87 on June 26, while Copart closed at $30.55. Added stocks are expected to see incremental buying from passive funds, while removed stocks may face modest selling pressure.
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Sign InInvestors are focused on the impact of inflows and outflows in the coming days as the rebalancing takes effect. At the June 26 close, eBay traded in a range of $107.20–$109.52 and Copart between $30.24–$30.84. Markets expect limited price moves in the affected names, with no major US economic events on the near-term calendar directly impacting these stocks.