Sprinklr To Replace Veradigm In S&P SmallCap 600 Effective Prior To Opening Of Trading On March 4, 2024
Portfolio Pulse from Benzinga Newsdesk
Sprinklr will replace Veradigm in the S&P SmallCap 600 before trading opens on March 4, 2024, due to Veradigm's suspension from the Nasdaq on February 29 for not complying with listing rules.
February 28, 2024 | 10:19 pm
News sentiment analysis
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NEGATIVE IMPACT
Veradigm's suspension from the Nasdaq and removal from the S&P SmallCap 600 could negatively impact investor perception and stock price.
Suspension from the Nasdaq and removal from the S&P SmallCap 600 could lead to a decrease in investor confidence and a potential drop in stock price due to reduced visibility and attractiveness.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Sprinklr is set to join the S&P SmallCap 600, potentially increasing its visibility and attractiveness to investors.
Being added to the S&P SmallCap 600 often results in increased demand for a stock as it gains visibility among investors and is added to index funds tracking the S&P SmallCap 600.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90