One of the biggest events for investors last week was the new additions to the Russell 3000 Index. The inclusion in the index means several ETFs have to add shares of the stocks as part of the rebalancing efforts.
Gainers
CAI International, Inc. (NYSE: CAI) shares surged 46.9% to close at $56.05 on Friday after the company agreed to a $1.1 billion takeover by Mitsubishi HC Capital Inc.
While Curiositystream Inc’s (NASDAQ: CURI) shares have rallied since mid-May, the company’s long-term prospects have not fundamentally changed, according to BofA Securities.
Gainers
CAI International, Inc. (NYSE: CAI) shares jumped 46.4% to $55.86 after the company agreed to a $1.1 billion takeover by Mitsubishi HC Capital Inc.
During Q1, CuriosityStream (NASDAQ:CURI) brought in sales totaling $9.94 million. However, earnings decreased 60.45%, resulting in a loss of $18.99 million. In Q4, CuriosityStream brought in $11.36 million in sales but lost $48.01 million in earnings.