GoDaddy shares are trading higher after it was announced the company will join the S&P 500.
Portfolio Pulse from Benzinga Newsdesk
GoDaddy shares are trading higher after it was announced the company will join the S&P 500.
June 07, 2024 | 9:28 pm
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GoDaddy shares are experiencing an upward trend following the announcement that the company will join the S&P 500.
Inclusion in the S&P 500 typically leads to increased demand for a company's stock as index funds and ETFs that track the S&P 500 will need to purchase shares. This often results in a short-term price increase.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100