Uber to join S&P 500 Which stocks will join the S&P 500 and which will no longer be found there?

Uber, Jabil and Builders FirstSource will join the S&P 500 index ahead of the opening of trading on Dec. 18, according to S&P Dow Jones Indices.

Uber the addition is no surprise. With 118 billion dollar market value Uber is the largest US company not included in the S&P 500, reports Barron’s.

Uber qualified for inclusion in the S&P 500 after its Q3 earnings report showed profitability over the previous 4 quarters on a GAAP basis.

Uber the stock rose 1.72% to $57.35 in regular trading on Friday, and was up another 5.49% to $60.50 in after-hours trading.

Stock prices often move higher on news of inclusion in the S&P 500, as investors buy stocks before they are even included in the index, hoping to capitalize later.

2023-12-04 08:29:38
#Uber #join #stocks #join #longer

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