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CrowdSrike, KKR, and GoDaddy shares rise after S&P 500 inclusion news

Published 06/10/2024, 08:36 AM
Updated 06/10/2024, 08:38 AM
© Reuters CrowdSrike, KKR, and GoDaddy shares rise after S&P 500 inclusion news
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Shares in CrowdStrike Holdings (NASDAQ:CRWD), KKR & Co. (NYSE:KKR), and GoDaddy (NYSE:GDDY) rose higher on Monday, driven by a Friday announcement that these companies will join the S&P 500 index at market open on June 24.

According to index provider S&P Dow Jones Indices, CRWD, KKR, and GDDY are considered more representative of the S&P 500’s large-cap range. Their shares climbed 6%, 7.7%, and 2.8% in the premarket trading, respectively.

They will replace staffing company Robert Half (NYSE:RHI), Comerica (NYSE:CMA) (CMI), and biotech company Illumina (NASDAQ:ILMN). The former two will move to the S&P SmallCap 600, while Illumina will transition to the S&P MidCap 400.

Moreover, BioMarin Pharmaceutical (NASDAQ:BMRN) and Warner Music Group Corp. (WMG) are set to be added to the S&P MidCap 400 as part of the quarterly rebalance, with shares of both companies also rising in premarket trading on Monday.

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