TKO Group Holdings, Inc. was removed from the Russell 2500 Growth Index, the Russell 2500 Value Index, and the broader Russell 2500 Index. These changes are a result of the annual rebalancing of the Russell indexes.
Index removals can lead to a decrease in demand for a company's stock from passive funds that track these indexes. This may affect the stock's liquidity and trading volume.
The rebalancing reflects shifts in market capitalization and growth/value characteristics of companies. TKO's removal from these specific indexes indicates a reclassification of its market profile by Russell.
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