Why GrowGeneration Soared by Nearly 12% Today
GrowGeneration (NASDAQ: GRWG) shares had quite the growth spurt on Monday, closing the day 11.5% higher. The hydroponics retail store operator got a pop from its inclusion on a major stock index.
That index is the Russell 2000, a prestigious and influential collection of small-cap stocks. Monday morning, GrowGeneration officially became one of its components.
"We believe our Russell 2000 listing will increase long-term shareholder value by improving awareness, liquidity and appeal to institutional investors," the company quoted its CEO Darren Lampert as saying.
Source Fool.com
