Mirum Pharmaceuticals, Inc. was dropped from the Russell 3000E Index, the Russell Microcap Index, the Russell Microcap Growth Index, and the Russell 3000E Growth Index. This change in index inclusion can affect the company's stock.
Inclusion or exclusion from major indices often influences institutional investment, particularly from passive funds that track these benchmarks. Funds tracking these indices may be required to sell their shares of Mirum Pharmaceuticals.
The removal from these indices may impact the company's trading liquidity and investor composition. This event reflects a re-evaluation of the company's market capitalization and growth profile by the index providers.
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