VELO is trading at $19.40 (5.4% up) in pre-market, extending yesterday’s strong gains following its addition to the Russell 3000 index.
- The inclusion has boosted demand from index funds and significantly raised the stock's profile with institutional investors.
- Follow-through buying remains strong as the market continues to react to the index-related catalyst amid slightly positive broader equity futures.
- The current move reflects sustained momentum from the recent announcement rather than new fundamental developments.