Why Karman Holdings Stock Zoomed More Than 6% Higher Today
It's been tapped for a well-known index.
Overview
Karman Holdings (NYSE: KRMN) was an outlier on the stock exchange on Hump Day. The space and defense stock was popular among investors because it was added to an important equity index. With that bracing tailwind at its back, the stock closed the day up by more than 6%.
S&P Dow Jones Indices, operator of popular market gauges such as the S&P 500 index, announced its latest realignment after market close on Tuesday. Karman is being added to the S&P SmallCap 600 index, replacing specialized healthcare company BrightSpring Health Services.
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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.