PLTR - Palantir Technologies
- Thread starter BullyBob
- Start date
Palantir to join S&P 500, shares jump!
Dell and Palantir both jumped about 7% in extended trading Friday after S&P Global announced that the companies would join the S&P 500 index.
Software maker Palantir will take the place of American Airlines, and Dell is replacing Etsy, according to a statement. Shares of companies added to the benchmark often rally after the announcement because fund managers who track the index regularly update their portfolios to mirror the additions.
Dell and Palantir both jumped about 7% in extended trading Friday after S&P Global announced that the companies would join the S&P 500 index.
Software maker Palantir will take the place of American Airlines, and Dell is replacing Etsy, according to a statement. Shares of companies added to the benchmark often rally after the announcement because fund managers who track the index regularly update their portfolios to mirror the additions.