DocuSign To Replace MDU Resources In S&P MidCap 400, Effective Prior To Opening Of Trading On October 11
Portfolio Pulse from Benzinga Newsdesk
DocuSign will replace MDU Resources in the S&P MidCap 400 index, effective before the market opens on October 11. This change may impact the stock prices of both companies as index funds adjust their holdings.
October 07, 2024 | 9:17 pm
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POSITIVE IMPACT
DocuSign will be added to the S&P MidCap 400 index, which could lead to increased demand for its shares as index funds adjust their portfolios.
Being added to the S&P MidCap 400 index typically results in increased demand for a company's stock as index funds that track the index will need to purchase shares. This can lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MDU Resources will be removed from the S&P MidCap 400 index, which could lead to decreased demand for its shares as index funds adjust their portfolios.
Being removed from the S&P MidCap 400 index typically results in decreased demand for a company's stock as index funds that track the index will need to sell shares. This can lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100