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Technology Stocks : Snap, Inc.
SNAP 12.97+2.8%Nov 24 5:15 PM ESTNews

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From: Sr K6/17/2017 8:54:59 AM
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on the Russell rebalance following the close June 23:


Tech to see bump in growth weighting in Russell rejig

BY CHUCK MIKOLAJCZAK, REUTERS - 9:17 PM ET 6/16/2017

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One widely-followed stock that will not be joining a Russell index yet is Snap Inc. Due to the company's unusual share structure, Russell is withholding a decision until after the rebalance until an analysis and comment period from the investment community is completed.

"We need to look at it because there is a potentially a trend for these types of offerings, particularly technology companies," said Mat Lystra, senior research analyst at FTSE Russell in Seattle.
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