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Why Revolve Stock Surged 24% in June

TheMotleyFool

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Shares of Revolve Group (NYSE: RVLV) spent the first half of the month in a trading range before surging the last two weeks of June. What seemed to send the shares higher was news on June 17 that the stock was set to join the Russell 3000 index effective June 28. By default, Revolve will also be added to the Russell 2000 and Russell 1000 indexes.