There is some interesting research regarding abnormal returns for companies which are new additions to an index. From memory its like 11% in the first week and a permanent 3% gain. I'm interested to see if the opposite effect happens for a company leaving an index but a bit busy to do any deep dives atm. I guess there will be some institutional sell pressure as funds re-allocate their positions to match the index. I'm hoping to scoop up another chunk at 20-25c range this week. The last two quarters were 100%+ ACV growth (PCP), and the revenue growth is about the same. Greed vs Fear time.
