Why First Advantage Stock Crushed the Market Today
The thriving employment verification company is joining a prominent index.
Why First Advantage Stock Crushed the Market Today
Overview
It was rather advantageous to own First Advantage (NASDAQ: FA) stock as the trading week came to a close. Shares of the next-generation employment verification specialist, which enhances its solutions with artificial intelligence (AI), rose by almost 6% on Friday after being added to an important stock index.
That rise easily topped the 0.5% gain of another well-known market gauge, the S&P 500 index.
Details
After market close on Thursday S&P Global, the company behind its near-namesake S&P series of indexes, announced First Advantage would be joining one. Specifically, the company's equity will be included in the S&P SmallCap 600.
Source
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.
