HyreCar Pops 15% on Russell 3000 Index Announcement
Shares of HyreCar Inc. (NASDAQ: HYRE), a car-sharing marketplace that allows car owners to rent their idle vehicles to ridesharing drivers, jumped nearly 15% higher Monday morning after the company announced it would join the broad-market Russell 3000 Index.
The plan is for HyreCar to join the index at the conclusion of the 2021 Russell Indexes annual reconstitution, which takes place after market open on June 28. "I'm proud of the tremendous progress we have made this year, both operationally and driving top line growth that should continue as we execute on our strategic plans in 2021," said CEO Joe Furnari in a press release.
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Source Fool.com
