Arbor Realty Trust shares are trading higher after the company announced it is set to join the S&P SmallCap 600 effective prior to the opening of trading on Friday, June 23.
Portfolio Pulse from Benzinga Newsdesk
Arbor Realty Trust (ABR) shares are trading higher after the announcement that the company will join the S&P SmallCap 600 effective prior to the opening of trading on Friday, June 23.
June 21, 2023 | 11:21 am
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POSITIVE IMPACT
Arbor Realty Trust's stock price is expected to rise in the short term due to its inclusion in the S&P SmallCap 600.
Arbor Realty Trust's inclusion in the S&P SmallCap 600 is a positive development for the company, as it increases its visibility and credibility among investors. This is likely to lead to increased demand for the stock, driving its price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100