(Reuters) - Shares of companies joining the S&P 500 often rise because
many portfolio managers try to track the index, and are
required to buy shares of companies that enter it.
American Capital shares closed Monday up 48 cents at $43.00
on the Nasdaq, but rose after-hours 4.3 percent to $44.85
within minutes of the S&P announcement.
Read more at Reuters.com Mergers News
many portfolio managers try to track the index, and are
required to buy shares of companies that enter it.
American Capital shares closed Monday up 48 cents at $43.00
on the Nasdaq, but rose after-hours 4.3 percent to $44.85
within minutes of the S&P announcement.
Read more at Reuters.com Mergers News
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