Parsons To Join S&P Midcap 400 Index, Effective Prior To Open Of Trading On September 23, 2024
Portfolio Pulse from Benzinga Newsdesk
Parsons Corporation (PSN) will be added to the S&P Midcap 400 Index, effective before the market opens on September 23, 2024. This inclusion may increase the stock's visibility and attract more institutional investors.
September 09, 2024 | 8:23 pm
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Parsons Corporation (PSN) will be added to the S&P Midcap 400 Index, effective before the market opens on September 23, 2024. This inclusion may increase the stock's visibility and attract more institutional investors.
Being added to the S&P Midcap 400 Index can lead to increased demand for Parsons' stock as index funds and institutional investors adjust their portfolios to include PSN. This can result in a positive short-term impact on the stock price.
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