Jun. 29 at 4:52 PM
$CABA With the new reconstitution published today,
$CABA will remain in the Russell 3000. Furthermore, it has moved from the Nasdaq Capital Market to the Nasdaq Global Select Market—Nasdaq’s most demanding tier regarding financial and liquidity requirements. This should be viewed as a positive signal from a market perspective. Many index funds had to sell their shares and restructure their portfolios upon learning that
$CABA would be dropping out of the Russell 2500. In my opinion, this was the reason for the downward pressure on the stock; the trend should shift from here on out. Good luck.
