Duolingo Set To Join S&P MidCap 400 Replacing Cable One, Effective Prior To The Opening Of Trading Monday, April 22
Portfolio Pulse from Benzinga Newsdesk
Duolingo is set to join the S&P MidCap 400, replacing Cable One, effective before trading begins on Monday, April 22.
April 17, 2024 | 9:19 pm
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NEGATIVE IMPACT
Cable One's removal from the S&P MidCap 400 could result in decreased investor interest and potentially lower stock prices in the short term.
Being removed from a major index like the S&P MidCap 400 can lead to decreased demand for a stock as index funds and ETFs that track the index sell off the stock from their portfolios. This can result in a short-term price decrease.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Duolingo's inclusion in the S&P MidCap 400 could lead to increased investor interest and potentially higher stock prices 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