Hayward shares are trading higher after it was announced the company will join the S&P SmallCap 600.
Portfolio Pulse from Benzinga Newsdesk
Hayward Holdings Inc. (HAYW) shares are trading higher following the announcement that the company will be included in the S&P SmallCap 600 index.
September 27, 2023 | 12:30 pm
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Hayward Holdings Inc.'s stock price is likely to increase in the short term due to its inclusion in the S&P SmallCap 600 index.
Inclusion in an index like the S&P SmallCap 600 often leads to increased demand for a company's shares, as index funds and ETFs that track the index are required to purchase the stock. This increased demand can lead to a rise in the stock's price.
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