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Andrew Allemann Leave a Comment June 10, 2024
Stock gets a lift after index announces its inclusion.
The S&P Dow Jones Indices announced Friday afternoon that domain name company GoDaddy (NYSE: GDDY) will join the S&P 500 index.
Shares in GoDaddy (NYSE: GDDY) jumped in after-hours trading Friday because index funds will need to add the stock to their portfolios.
GoDaddy will replace genetic sequencing company Illumina Inc (NASDAQ: ILMN), and Illumina will take GoDaddy’s place on the S&P MidCap 400.
The move will be effective before trading opens on June 24.
S&P is also adding Crowdstrike and KKR to the S&P 500 index at the same time. They will replace Robert Half Inc. (NYSE: RHI) and Comerica Inc. (NYSE: CMA), respectively.
About Andrew Allemann
Andrew Allemann has been registering domains for over 25 years and publishing Domain Name Wire since 2005. He has been quoted about his expertise in domain names by The Wall Street Journal, New York Times, and NPR. Connect with Andrew: LinkedIn - Twitter/X - Facebook
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