Duolingo's stock jumps 6% on news it is joining S&P MidCap 400
By Jon Swartz
Duolingo Inc.'s stock popped 6% in extended trading Wednesday following news it is joining the S&P MidCap 400.
As part of the corporate reshuffling, Duolingo (DUOL) will replace Cable One Inc. (CABO), which, in turn, will supplant MDC Holdings Inc. (MDC) in the S&P SmallCap 600. The moves are effective April 22, S&P Global said on Wednesday.
Sekisui House Ltd. (JP:1928) is acquiring MDC Holdings in a transaction expected to be completed on April 19, pending final conditions.
Duolingo offers courses on music, math and more than 40 languages, including English, French and Spanish.
Earlier this month, spinoffs GE Vernova Inc. (GEV) and Solventum Corp. (SOLV) joined the S&P 500 index SPX.
GE Vernova is a renewable-power-generation company that resulted from the split of General Electric Co. into GE Aerospace (GE) and GE Vernova. Solventum was splintered from 3M's (MMM) healthcare business.
-Jon Swartz
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
04-17-24 1818ET
Copyright (c) 2024 Dow Jones & Company, Inc.-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Q4 Stock Market Outlook: Where We See Opportunities for Investors
-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
6 Top-Performing Large-Growth Funds
-
What’s the Difference Between the CPI and PCE Indexes?
-
10 Top-Performing Dividend Stocks of Q3 2024
-
33 Undervalued Stocks
-
Communication Services: Cable’s Broadband Dominance Isn’t as Strong as It Once Was
-
Technology: Strength Continues, With Software Presenting the Best Buying Opportunities
-
Best- and Worst-Performing Stocks of Q3 2024
-
Top Stocks to Own From the Best Fund Managers
-
2 Cheap Stocks Top Managers Have Been Buying
-
The 10 Best Companies to Invest in Now