Benzinga | Jun 17, 2021 03:43PM EDT

Revolve Shares Rise After Inclusion In Russell 3000 Index

* Fashion retailer Revolve Group Inc (NYSE:RVLV) is set to join the broad-market Russell 3000 Index after the 2021 Russell indexes annual reconstitution.

* The addition will be effective after the U.S. market opens on June 28, 2021, according to a preliminary list of additions posted earlier this month.

* "We welcome the enhanced visibility of our long-term growth potential and look forward to sharing our future milestones with a broader investment community as we continue on our vision of building an iconic brand and the fashion destination for the next-generation consumer," said Jesse Timmermans, Chief Financial Officer.

* Price action: RVLV shares are trading higher by 8.53% at $61.85 on the last check Thursday.