10:16 AM EDT, 06/13/2024 (MT Newswires) -- Conduit Pharmaceuticals ( CDT ) is slated to join the Russell 3000 Index at the opening of US markets on July 1, the company said Thursday, citing the preliminary list posted by FTSE Russel.

The inclusion will follow the annual index reconstitution, which is based on market capitalization rankings of US stocks as of April 30, Conduit said.

Shares of the company rose 9.8% in recent Thursday trading.

Price: 2.36, Change: +0.21, Percent Change: +9.77