QuickLogic Corporation to Join Russell 3000 Index: Opportunities for Shareholders on the Horizon

Published / Modified May 29 2024
CSIMarket Team / CSIMarket.com

QuickLogic Corporation Set to Join Russell 3000 Index: Implications for Shareholders

SAN JOSE, Calif., May 29, 2024 - QuickLogic Corporation (NASDAQ: QUIK), a leading developer of embedded FPGA IP, ruggedized FPGAs, and Endpoint AI solutions, announced today that it is poised to become a part of the broad-market Russell 3000 Index.
This significant milestone reflects the Company's continued growth and success in the technology sector.

The inclusion of QuickLogic in the Russell 3000 Index is expected to have a positive impact on the Company's shareholders.
As a widely recognized benchmark for the performance of the overall stock market, the Russell 3000 Index provides increased visibility and exposure for QuickLogic among investors, analysts, and financial institutions.
This new status may attract a broader investor base and potentially lead to increased liquidity and trading volume for QuickLogic's shares.

In context of the recent news, QuickLogic Corporation currently has approximately 14.545 million shares outstanding, with a current stock price of $13.25.
The news of the Company's inclusion in the Russell 3000 Index is likely to further boost investor confidence and drive the stock price higher in the coming days.

In conclusion, QuickLogic's entry into the Russell 3000 Index marks a significant achievement for the Company and its shareholders.
With increased visibility and potential for growth, this development positions QuickLogic for continued success in the competitive technology market.


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