Gates Industrial shares are trading higher after it was announced the stock will join the S&P SmallCap 600.
Portfolio Pulse from Benzinga Newsdesk
Gates Industrial shares are trading higher after it was announced the stock will join the S&P SmallCap 600.
July 17, 2024 | 11:40 am
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Gates Industrial shares are trading higher after the announcement that the stock will join the S&P SmallCap 600.
Inclusion in the S&P SmallCap 600 typically leads to increased visibility and demand from index funds and investors, driving the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100