To qualify for the index, a company must have:The S&P phenomenon is a temporary increase in the price of a stock upon the announcement of its inclusion in the S&P 500 Index. This occurs because the index is widely tracked by institutional investors. When a stock is added, funds that follow the index buy the stock.
- A market cap of a certain size.
- The value of its market capitalization traded annually.
- At least a quarter-million of its shares traded in each of the previous six months.
- Most of its shares in the public's hands.
- Had its initial public offering (IPO) at least one year earlier.
Source: Dr Google
In short - definitely a spike next week - whether it will be shortlived or not is an issue!
All in my humble personal opinion!
4DS-Temporary-Spike
To qualify for the index, a company must have:A market cap of a...
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Last
7.9¢ |
Change
-0.001(1.25%) |
Mkt cap ! $139.3M | |||
| Open | High | Low | Value | Volume |
| 8.0¢ | 8.1¢ | 7.8¢ | $199.5K | 2.506M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 319288 | 7.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.0¢ | 12000 | 1 |
View Market Depth
| Last trade - 13.00pm 14/05/2024 (20 minute delay) ? |
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Last
7.9¢ |
Change
-0.001 ( 1.74 %) |
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| Open | High | Low | Volume | ||
| 8.1¢ | 8.1¢ | 7.8¢ | 1282239 | ||
| Last updated 15.30pm 14/05/2024 ? | |||||
| 4DS (ASX) Chart |