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Share Name | Share Symbol | Market | Type |
---|---|---|---|
(MM) | NASDAQ:GMCR | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 91.67 | 0 | 01:00:00 |
By John Kell
S&P Dow Jones Indices said Friday it will add Keurig Green Mountain Inc. (GMCR) to its S&P 500 index, one of a handful of index changes announced Friday.
Keurig Green Mountain will be added to the S&P 500 on March 21, switching places with oil and gas producer WPX Energy Inc. (WPX), which is being moved to the S&P Midcap 400 index.
S&P is a part of McGraw Hill Financial (MHFI).
In a separate move also announced Friday, biotechnology company Biogen Idec Inc. (BIIB) is being added to the S&P 100, replacing utility provider American Electric Power Co. (AEP). S&P said Biogen Idec has a market capitalization of more than $80 billion and is more representative of the S&P 100 index.
Shares of Keurig Green Mountain rose 2.2% to $115.70 in after-hours trading Friday. The shares of companies joining the S&P 500 often rise because many portfolio managers try to track the index and thus move to buy shares of companies that become part of it.
Write to John Kell at john.kell@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Keurig Green Mountain, Inc. Chart |
1 Month Keurig Green Mountain, Inc. Chart |
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