TSLA
Tesla joining S&P 500; shares jump 10%
- Tesla (NASDAQ:TSLA) has jumped 10% postmarket on heavily awaited word
that it's joining the S&P 500 index.
- The company will join the index prior to the open on Monday, Dec. 21,
coinciding with the quarterly rebalance.
- But due to the size of the addition, "S&P Dow Jones Indices is seeking
feedback through a consultation to the investment community to determine
if
Tesla should be added all at once on the rebalance effective date or in
two
separate tranches ending on the rebalance effective date."
- And the company it's replacing will be named later, S&P says.
|Today, 5:32 PM|32 Comments
Tesla joining S&P 500; shares jump 10%
- Tesla (NASDAQ:TSLA) has jumped 10% postmarket on heavily awaited word
that it's joining the S&P 500 index.
- The company will join the index prior to the open on Monday, Dec. 21,
coinciding with the quarterly rebalance.
- But due to the size of the addition, "S&P Dow Jones Indices is seeking
feedback through a consultation to the investment community to determine
if
Tesla should be added all at once on the rebalance effective date or in
two
separate tranches ending on the rebalance effective date."
- And the company it's replacing will be named later, S&P says.
|Today, 5:32 PM|32 Comments
Comments
Post a Comment