HIPO - Hippo Holdings jumps 5% as insurance provider joins Russell 3000 Index next week

Hippo Holdings (NYSE:HIPO) stated Thursday it will be joining Russell 3000 Index at the conclusion of index' annual reconstitution, effective market open on June 27, 2022. Membership in the U.S. all-cap Russell 3000 which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. Stock is up 5% in after-hours trading. Seeking Alpha Quant Rating system gives a Strong Sell to HIPO, contrary to Wall Street's Buy.

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Hippo Holdings jumps 5% as insurance provider joins Russell 3000 Index next week