The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.
On June 15, Gaucho officially announced that it was all set to become a part of the Russell Microcap® Index. Gaucho stated that its VINO ticker would be added into the index “at the conclusion of the 2021 Russell indexes annual reconstitution, effective after the U.S. market opens on June 28, according to a preliminary list of additions posted June 4.
And additionally, to round out a trifecta of three days of news blasting, on June 17, Gaucho announced that it had entered an agreement with a private luxury property, real estate, renting, and development company LVH Holdings LLC to be the designated developer for its ambitious Las Vegas joint project.
As these pieces of news have come out, its VINO stock has moved around. On June 16, VINO rocketed upward to a high of nearly double its price. The stock fell back down to some degree then rose again and has continued a volatile few weeks.
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