On Monday, April 22, Duolingo (DUOL) will be added to the S&P MidCap 400 index, replacing Cable One (CABO). The announcement was made by Dow Jones S&P Indices on Wednesday. As a result of this inclusion, various funds that track the index will need to add DUOL stock to their portfolios. This led to an increase in Duolingo’s stock value overnight by over 6%, indicating a movement towards the 50-day moving average.
Meanwhile, Cable One stands to benefit from being included in the S&P SmallCap 600 index, as more funds track this index. This led to a 2.9% increase in Cable One’s stock value during late trading.
In other news, Japan’s Sekisui House is on track to finalize its acquisition of homebuilder MDC.
For the latest stock market updates and more information, follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson. Explore additional content on quick profits, growth stocks, premium stock lists, tools, and analysis available on IBD Digital. Currently, the market has experienced another sell-off, with key earnings due. Stay informed on the current market situation.
SparkFun Electronics has recently released the RTK Torch, a cutting-edge device designed for high-precision geolocation…
This week, Andrew Pinckney, a left fielder for the Harrisburg Senators, was named Eastern League…
In the early hours of Tuesday morning, a car crashed into Wholesale Flooring Depot in…
In today's fast-paced business world, organizations, including accounting firms, are increasingly becoming technology-driven. To remain…
In January 2022, Stina Blackstenius joined Arsenal on a free transfer from BK Hacken. Since…
In the heart of downtown New Iberia, a longtime eatery has closed its doors for…