Why STORE Capital Stock Jumped 10% Today
Shares of retail-focused real estate investment trust (REIT) STORE Capital (NYSE: STOR) jumped 10% in early trading on May 7. What's interesting about that advance is that it comes a day after the company reported earnings. And the key update in that release wasn't exactly great. But it was better than investors were expecting, and that's what matters. Oh, and news came out after the close on May 6 that the REIT is slated to be added to the S&P MidCap 400 index.
The real reason STORE Capital is moving today is probably related to it being added to the S&P MidCap 400 index, which means that index-tracking investment products will have to buy it. Stocks often pop on news like this. But that's not all that's important here for investors to understand.
Image source: Getty Images.
Source Fool.com
