IAC shares are trading higher after it was announced the stock will join the S&P SmallCap 600.
Portfolio Pulse from Benzinga Newsdesk
IAC shares are trading higher following the announcement that the stock will be included in the S&P SmallCap 600 index.
May 02, 2024 | 1:31 pm
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IAC shares are experiencing an increase in value after the announcement of its inclusion in the S&P SmallCap 600.
The inclusion of a stock in a major index like the S&P SmallCap 600 often leads to an increase in demand for the stock as index funds and other investment vehicles that track the index are required to purchase the stock. This increased demand can lead to a rise in the stock price in the short term.
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