Magyar Bancorp, Inc. shares fall 1.37% intraday after being added to Russell.

Magyar Bancorp, Inc. declined 1.37% in intraday trading. The company was added to the Russell index, which is generally seen as a positive development for a stock, as it can increase its visibility and attract more investors. However, the stock price decreased, suggesting that the market may have already priced in this event or that other factors are influencing the stock's movement.