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Townsquare Media Up 8% As It s Set To Join Russell Indexes

Shares of digital media and digital marketing solutions company Townsquare Media, Inc. (TSQ) are gaining 5% on Tuesday after announcing that it is set to join the broad-market Russell 3000 Index and the Small-Cap Russell 2000 Index at the conclusion of the 2023 Russell indexes annual reconstitution.

Townsquare Media to Join Russell Indexes

Townsquare Media, Inc is joining the broad-market Russell 3000 Index and the Small-Cap Russell 2000 Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, 2023, according to a preliminary membership list. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of April…

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