Dolby Laboratories shares are trading higher after it was announced the company will join the S&P MidCap 400.
Portfolio Pulse from Benzinga Newsdesk
Dolby Laboratories' shares are trading higher following the announcement that the company will join the S&P MidCap 400.
August 18, 2023 | 3:06 pm
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Dolby Laboratories' stock is trading higher due to the company's inclusion in the S&P MidCap 400.
Being included in an index like the S&P MidCap 400 often leads to increased demand for a company's stock, as funds that track the index will need to purchase shares. This increased demand can lead to a rise in the stock's price, which is likely why Dolby Laboratories' stock is trading higher.
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IMPORTANCE 80
RELEVANCE 100