DC - Linde and Piedmont Lithium join Russell 3000; Meta Materials removed: Annual Rebalancing

FTSE Russell on Monday has released its preliminary list of companies set to enter or leave the Russell 3000 Index, effective market close on June 24. Basic Material stocks taking the spotlight at the conclusion of Russell 3000 annual rebalancing include: Additions: Linde (NYSE:LIN) +1%; Piedmont Lithium (NASDAQ:PLL) -0.4%; Resolute Forest Products (RFP)+16.4%; SSR Mining (NASDAQ:SSRM) -2.5%; Origin Materials (ORGN) +4.8%; LSB Industries (LXU) -6%; Hycroft Mining Holding (HYMC) +3.4%; Dakota Gold (DC) +18%; Perimeter Solutions (PRM) -1%; and 5E Advanced Materials (FEAM) -3%. Deletions: Meta Materials (NASDAQ:MMAT) -3%; Gatos Silver (GATO) -8%; Zymergen (ZY) +5.8%; Marrone Bio Innovations (MBII) -0.4%; NN (NNBR) +4.8%; and Perpetua Resources (PPTA) -8%. To note, "Unites States total equity market capitalization of the broad market Russell 3000 Index is down 5.9% to $44.9 trillion as of May 6, 2022," reported FTSE Russell.

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Linde and Piedmont Lithium join Russell 3000; Meta Materials removed: Annual Rebalancing