Gulfport Energy Corporation was removed from several prominent Russell indices, including the Russell 2000 Value-Defensive Index, Russell 3000E Value Index, Russell 3000 Value Index, Russell 2500 Value Index, Russell Small Cap Comp Value Index, and Russell 2000 Value Index.
These removals are part of the routine annual rebalancing process for the Russell family of indices. Companies are added or removed based on market capitalization, style, and other quantitative factors determined by FTSE Russell.
The exclusion from these indices can lead to adjustments in portfolios managed by index-tracking funds, potentially resulting in selling pressure on Gulfport Energy's stock as these funds rebalance to reflect the new index compositions. This change may also affect the company's visibility among institutional investors.
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