ALM is trading 5.3% down at $19.61 as investors lock in gains following a sharp multi-day rally triggered by news of its upcoming inclusion in the Russell 1000 and Russell 3000 indexes.
- The stock had climbed significantly from $17.22 on May 19 to a high of $20.70 on May 28, making today's decline a likely position-resetting move around the index catalyst.
- The downward move is specific to ALM, as major equity indices and cryptocurrencies are currently trading slightly higher.
- The company is scheduled to officially join the Russell 1000 and Russell 3000 indexes starting June 29, 2026.