AppFolio To Replace Inari Medical In The S&P MidCap 400, Effective Prior To The Opening Of Trading On Monday, April 1
Portfolio Pulse from Benzinga Newsdesk
AppFolio is set to replace Inari Medical in the S&P MidCap 400 index before the market opens on Monday, April 1. This change in index composition could influence the stock performance of both companies in the short term.
March 25, 2024 | 9:19 pm
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NEGATIVE IMPACT
Inari Medical's removal from the S&P MidCap 400 might result in decreased demand for its shares, potentially leading to a short-term decline in stock price.
Being removed from a major index like the S&P MidCap 400 typically results in decreased demand for a stock as index funds and ETFs that previously held the stock due to its index inclusion sell their shares. This can lead to a short-term price decline.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
AppFolio's inclusion in the S&P MidCap 400 could lead to increased investor interest and potentially boost its stock price in the short term.
Inclusion in a major index like the S&P MidCap 400 often leads to increased demand for a stock as index funds and ETFs that track the index add the stock to their portfolios. This can result in a short-term price increase.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90