Playboy Parent PLBY Group Set To Join Russell 2000 Index

Media and lifestyle company PLBY Group Inc PLBY is set to join the small-cap Russell 2000 Index and the broad-market Russell 3000 Index after the 2021 Russell indexes annual reconstitution.
The addition will be effective after the U.S. market opens on June 28, 2021, according to a preliminary list of additions posted by FTSE Russell on June 4, 2021.
“We are very pleased to be included in the Russell indexes. This is another great milestone for our company in what has been a transformative year so far,” said Ben Kohn, CEO.
Recently, on Benzinga’s Power Hour show, Kohn said the company is interested in acquiring companies that will allow PLBY Group to accelerate its growth plans at a faster rate.
Price action: PLBY shares are trading lower by 1.84% at $38.84 on the last check Friday.