CrowdStrike, KKR and GoDaddy will join the S&P 500 index, S&P Dow Jones Indices announced Friday evening. They'll replace Robert Half, Comerica and Illumina in the benchmark index before the open on Monday, June 24.
CrowdStrike popped 7.3% Monday and KKR stock jumped 11.2%, with GoDaddy rising 1.9%. Robert Half advanced 1.5% while Comerica fell 1.7% and Illumina slumped 3.4%.
These are part of the big quarterly rebalances in the S&P indexes.
Meanwhile, Illumina will replace GoDaddy in the S&P MidCap 400. Robert Half and Comerica will replace Anywhere Real Estate and Adtran Holdings in the S&P SmallCap 600.
Other S&P Index Moves
Texas Pacific Land, BioMarin Pharmaceutical, Warner Music, Nextracker, Altair Engineering and RB Global will replace Werner Enterprises, Integra Lifesciences, Penn Entertainment, Grocery Outlet, Leggett & Platt and Hertz Global in the S&P MidCap 400.
Nextracker and Altair Engineering, jumped 4.3% and 8/8% on their upcoming S&P MidCap 400 entrance, both moving past buy points.
Leggett & Platt, Hertz Global, Grocery Outlet, Penn Entertainment, Integra Lifesciences and Werner Enterprises will replace Methode Electronics, Chatham Lodging Trust, Northfield Bancorp, Xperi, Resources Connection and ATN International in the S&P SmallCap 600.
Krystal Biotech, Virtu Financial, StepStone, Cactus and Tidewater will replace OraSure Technologies, Marcus Corp, TTEC Holdings, Medifast, and Cerence in the S&P SmallCap 600.
Energy plays Cactus and Tidewater rose sharply Monday morning on joining the S&P SmallCap 600.
Stocks typically get a bounce on the news that they'll be added to the S&P 500. Mutual funds and ETF that track the index have to buy up shares of incoming components.
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