Morningstar shares are trading higher after it was announced the stock will be added to the S&P MidCap 400.
Portfolio Pulse from Benzinga Newsdesk
Morningstar's stock is set to be included in the S&P MidCap 400, leading to a rise in its share price.
September 05, 2023 | 2:10 pm
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Morningstar's inclusion in the S&P MidCap 400 has led to an increase in its stock price.
Being added to an index like the S&P MidCap 400 often leads to an increase in a company's stock price. This is because index funds that track the index are required to buy shares of the company, leading to increased demand.
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