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Here's Why Trupanion Stock Is Soaring Today

TheMotleyFool

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Here's Why Trupanion Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Reinsurance company, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/490045fb-8676-41a9-be7a-bcf4281c7d92.png

The stock market was having a so-so day on Tuesday, with most major indexes hovering near the flatline throughout most of the morning. However, pet insurance provider Trupanion (NASDAQ: TRUP) was a major exception -- as of 11 a.m. EDT, the stock was higher by more than 12%.

Today's move appears to be driven by Trupanion's addition to the S&P SmallCap 600 index, where it will be replacing Ring Energy (NYSEMKT: REI).

Image source: Getty Images.

Source Fool.com

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