:max_bytes(150000):strip_icc()/GettyImages-2186321347-41b08e3ac30e45c0b511c33035c204d1.jpg?w=1500&resize=1500,1125&ssl=1 "Instacart Is Joining the S&P MidCap 400. Its Stock Is Rising. | Global News Avenue")
Instacart Is Joining the S&P MidCap 400. Its Stock Is Rising.
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Main points
- Instacart’s stock price rose on news that it will join the S&P MidCap 400 Index.
- The change is set to take place next week, along with the removal of Enovis, which will move to SmallCap 600.
- Instacart’s stock price has roughly doubled in the past 12 months.
Instacart shares rose Wednesday on news that the food delivery stock will join a new index.
Instacart’s stock price has recently risen about 4.5%. Yesterday the company, also known as Maplebear, announced a rise in its stock price.cart), will join the S&P MidCap 400 Index starting next Tuesday’s trading day, replacing Enovis (Enov). Instacart’s stock price has nearly doubled in the past 12 months.
Separately, Instacart said Wednesday it would partner with Ulta Beauty (ULTA) sells the latter company’s beauty products nationwide. Ulta shares have fallen more than 2% recently; the company recently said Its CEO is retiring.
Enovis will enter the SmallCap 600 index, replacing Arch Resources (arch), expected to be soon replaced by Consol Energy (China-Europe International Exchange Center) and Create core natural resources.
Enovis shares rose more than 1% in early trading.
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