BioMarin Pharmaceutical shares are trading higher after it was announced the company will join the S&P MidCap 400.
Portfolio Pulse from Benzinga Newsdesk
BioMarin Pharmaceutical shares are trading higher following the announcement that the company will join the S&P MidCap 400.
June 10, 2024 | 3:17 pm
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BioMarin Pharmaceutical shares are trading higher after the announcement that the company will join the S&P MidCap 400.
Joining the S&P MidCap 400 typically leads to increased visibility and potential inflows from index funds, which can drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100