Tootsie Roll Industries to Rejoin Russell 3000 Index

Published 1 days agoTR

Tootsie Roll Industries to Rejoin Russell 3000 Index

Tootsie Roll Industries, Inc. (NYSE: TR) is set to make a notable return to the Russell 3000 Index, a move highlighting the company's current market standing. Being included in this significant index reflects Tootsie Roll's recent growth and increased market prominence.

This change follows the company's previous removal from the index in June 2023, when fluctuations in its market capitalization led to its exclusion alongside several other companies. The Russell 3000 Index is a crucial benchmark, representing about 98% of the U.S. public equity market by including the largest 3,000 publicly held companies. As reported by MarketScreener, Tootsie Roll's return to the index signals a positive shift in its valuation.

Tootsie Roll's reentry into the Russell 3000 is a strategic milestone that could enhance its visibility and attract more institutional investors. The current stock price of Tootsie Roll stands at 36.03 USD, with an intraday volume of 144,489, indicating stable market activity for the renowned confectionery company.

Share this article

Twitter Facebook LinkedIn

Recent Articles

Lemonade Inc. Hits 52-Week High Amid Financial Milestones

Lemonade Inc. Hits 52-Week High Amid Financial Milestones

56 minutes agoLMND

Lemonade Inc. (NYSE: LMND) has recently seen its stock soar to a 52-week high, reaching $33.50. This marks a significant recovery and reflects growing investor optimism around the company's performance. The stock's price rose by $1.20, showing a 0.04% increase from the previous close, with trading volumes indicating strong interest. The company achieved key financial milestones, including surpassing $1 billion in in-force premiums, a considerable step in its growth path. Additionally, Lemonade reported a 155% year-over-year increase in gross profit, suggesting enhanced operational efficiency. According to Investing.com, these improvements contribute to the company's solid financial standing and efficiency metrics. Lemonade's customer base expanded by 17% year-over-year, reaching 2.3 million customers, showcasing strong demand for its insurance products. The company also demonstrated its operational success with positive adjusted free cash flow of $26.5 million in Q4 2024 and $48 million for the full year. As its financial health continues to strengthen, Lemonade is setting a robust presence within the insurance sector.

Analysts Eye Free Cash Flow as Key Metric for Caterpillar Stock

Analysts Eye Free Cash Flow as Key Metric for Caterpillar Stock

Caterpillar Inc. is garnering attention from analysts due to its projected free cash flow (FCF) figures. Management forecasts that the company's FCF through economic cycles will range between $5 billion and $10 billion. This projection is seen as a critical metric that could suggest a healthy financial outlook for the company, potentially making its stock more appealing to investors. The sentiment among analysts is cautiously optimistic, with 15 analysts collectively assigning a 'Moderate Buy' rating to Caterpillar's stock. Additionally, MarketBeat reports an average 12-month price target for CAT shares at $365.54, indicating a potential upside of just under 14% from current levels. Caterpillar's strategic focus remains closely watched, particularly regarding its free cash flow performance. An uptick in this financial metric could mark an opportune moment for investors to consider adding CAT stock to their portfolios.

Ford Recalls Over 29,000 Vehicles Due to Safety Defect

Ford Recalls Over 29,000 Vehicles Due to Safety Defect

Ford Motor Company is recalling 29,501 vehicles in the United States to address a critical safety issue. The issue involves a control arm that may detach, potentially leading to a loss of steering and vehicle control, which heightens the risk of crashes. This recall specifically affects certain 2024-2025 models of the F-150 Lightning Battery Electric Vehicles (BEVs). The recall was announced by the U.S. National Highway Traffic Safety Administration (NHTSA) on May 31, 2025, following concerns that the defect could pose serious safety risks. According to Reuters, the decision underscores the commitment to ensuring road safety and proactively managing potential hazards associated with vehicle defects. Owners of the affected vehicles are advised to reach out to Ford customer service or visit a local Ford dealership for guidance on the recall procedures. Ford's action illustrates the ongoing commitment by automakers to address safety issues promptly and maintain customer trust in vehicle performance and reliability.

Pfizer and Arvinas Report Positive Trial Results for Breast Cancer Drug

Pfizer and Arvinas Report Positive Trial Results for Breast Cancer Drug

Pfizer and Arvinas have announced promising outcomes from their Phase 3 VERITAC-2 trial for vepdegestrant, an experimental breast cancer drug. The trial showed that vepdegestrant effectively delayed disease progression in patients with ESR1 gene mutations, surpassing AstraZeneca's Faslodex. Reuters highlighted that the median progression-free survival for these patients was five months with vepdegestrant, compared to just two months with Faslodex. Additionally, in the broader patient population, vepdegestrant offered a slight improvement in median progression-free survival at 3.8 months, compared to 3.6 months with Faslodex. One key advantage of vepdegestrant noted in the trial is its oral administration, which offers greater convenience than Faslodex's intramuscular injection. Analysts forecast a potential peak in sales reaching $576 million by 2032. Following these successful results, Pfizer and Arvinas are preparing to submit their findings to regulatory authorities worldwide, seeking approval for vepdegestrant. The oral convenience and efficacy of the drug mark a significant advance in treatment options for breast cancer patients, especially those with certain genetic mutations.