Workday shares pop 9% on inclusion in S&P 500
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Workday shares surged by 9% following the announcement of its inclusion in the S&P 500 index.
December 06, 2024 | 10:45 pm
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POSITIVE IMPACT
Workday's stock price increased by 9% due to its inclusion in the S&P 500 index, which often leads to increased demand from index funds and investors.
Inclusion in the S&P 500 typically results in increased buying activity as index funds adjust their holdings to include the new addition. This often leads to a short-term boost in the stock price, as seen with Workday's 9% increase.
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