Why Freshworks Stock Bumped Higher Today
It's about to join a famous small-cap stock index.
Overview
Freshworks (NASDAQ: FRSH), an enterprise software company that has eagerly embraced artificial intelligence to power its solutions, posted a healthy gain on the stock market on Tuesday. That was mostly due to its inclusion in a prominent small-cap equity index.
After market close on Monday, S&P Dow Jones Indices announced that Freshworks is to replace healthcare stock BioLife Solutions as a component of the S&P SmallCap 600 index. BioLife is being acquired by peer company Repligen, which happens to be a component of the S&P MidCap 400 index.
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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.