By Chuck Mikolajczak NEW YORK (Reuters) - Meta Platforms will return to its former status as a full growth stock after financial data provider FTSE Ru.
NEW YORK (Reuters) -Meta Platforms will return to its former status as a full growth stock after financial data provider FTSE Russell finishes its annual shakeup of its stock index components on Friday. The so-called Russell Reconstitution is important because it causes portfolio managers to scramble to readjust their holdings to better align with their benchmarks - and it often results in one of the heaviest stock trading days of the year. Every year, FTSE Russell reconstitutes, or refreshes, the components across its indexes, such as the Russell 2000 index of small cap stocks and Russell 1000 index of large-cap names.
Meta Platforms will return to its former status as a full growth stock after financial data provider FTSE Russell finishes its annual shakeup of its stock index components on Friday.