CHK - AMC stock will stay in Russell 2000 skewing the top: At the Open

AMC Entertainment (AMC) will remain the top-weighted stock in the Russell 2000 (RTY) (IWM) when the index rebalances on June 25.AMC is seeing a very modest move by its standards, down 0.8% premarket."The one confusing part of the Russell rebalancing is that FTSE Russell determines size and inclusion based on May 7 prices, thus the top and bottom ends of the indexes today reflect appreciation/depreciation of stocks over the last month," Jefferies equity strategist Steven G. DeSanctis writes in a note today."This certainly skews the Russell 2000, as today's top end stands at $21.5B, AMC, while the May 7th breakpoint came in at $7.3B," DeSanctis says "The interest item is after AMC, the next-largest name in the new index stands at $8.1B (which is Ovinitiv (OVV))."He highlights:The Russell 2000 weighted average market cap falls $700M to $3.2B, but the median rises to $1.3B. "We see modest sector shifts with the notable change being a

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AMC stock will stay in Russell 2000, skewing the top: At the Open