TWIN is trading 5.1% down today at $22.95 as the stock undergoes price normalization and profit-taking following its addition to the Russell 2000 and Russell 3000 indexes.
- The stock had rallied more than 15% over the past week in anticipation of the June 29 Russell Reconstitution.
- Today’s decline reflects a typical pullback after the completion of passive index-buying flows associated with the annual rebalancing.