HLIT is trading 5% down at $13.25 following its recent removal from several Russell value and small-cap indices, which has triggered selling pressure as index funds adjust their holdings.
- The removal from the Russell indices in late June 2026 has forced index-tracking funds to rebalance, weighing heavily on the share price.
- Selling pressure is being amplified by a broader risk-off market sentiment and general weakness across the technology and communication equipment sectors.
- The decline follows a sharp sell-off late last week, as the stock continues to face downward momentum amid the index adjustments.