📖 Your Q2 Earnings Guide: Discover the Stocks ProPicks AI Highlights to Jump Post-EarningsRead more

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

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.