Why Grocery Outlet Stock Popped Today
Shares of Grocery Outlet (NASDAQ: GO) jumped nearly 10% on Tuesday after news broke that its stock would be added to the S&P MidCap 400 index.
Grocery Outlet's stock will replace that of Brinker International in the mid-cap index, which typically includes mid-size companies based in the U.S. with market capitalizations between $2.4 billion and $8.2 billion.
Grocery Outlet's stock rose sharply on Tuesday. Image source: Getty Images.
Source Fool.com
