Why Delek Holdings Stock Triumphed on Tuesday
It's about to become a component of one of the more high-profile stock indexes.
Overview
Oil refining company Delek US Holdings (NYSE: DK) took a turn in the investor spotlight Tuesday. Its equity is soon to become a component of a noted small-cap stock index, and that increased visibility is already making the company more popular. It closed the day more than 5% higher.
As part of its regular quarterly rebalancing, S&P Dow Jones Indices -- the unit of S&P Global that manages the popular S&P series of stock market gauges -- announced a series of changes to several indexes.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.