Domo, Inc. has been added to several Russell indexes, including the Russell 3000 Value Index, Russell 2500 Value Index, Russell Small Cap Comp Value Index, Russell 2000 Value Index, Russell Microcap Value Index, and Russell 3000E Value Index. These inclusions signify broader recognition within the investment community.
Membership in these widely followed indexes can lead to increased demand for Domo's stock from passive investment funds and ETFs that track the Russell family of indexes. This typically results in greater liquidity and enhanced institutional ownership.
The additions reflect Domo's evolving market capitalization and value characteristics, positioning the company for greater visibility among a diverse range of investors. This development supports the company's ongoing strategic efforts to drive growth and shareholder value.
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