Blackstone shares are trading higher after it was announced the company will join the S&P 500.
Portfolio Pulse from Benzinga Newsdesk
Blackstone Group Inc. (BX) shares are trading higher following the announcement that the company will be included in the S&P 500 index.
September 05, 2023 | 12:17 pm
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POSITIVE IMPACT
Blackstone's inclusion in the S&P 500 index is likely to increase demand for its shares, potentially driving the price higher in the short term.
Inclusion in a major index like the S&P 500 often leads to increased demand for a company's shares, as many funds track these indices and will need to buy the stock to accurately reflect the index. This increased demand can drive up the share price in the short term.
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