Moderna Graduates to a Major Nasdaq Index
Continuing a stellar rise that has placed it atop the list of coronavirus stocks, Moderna (NASDAQ: MRNA) will soon become a component of a top equities index. Nasdaq (NASDAQ: NDAQ) announced Monday that the popular biotech company will be part of its Nasdaq 100 Large-Cap Index effective prior to market open next Monday, July 20.
Moderna will also be on the associated Nasdaq-100 Equal Weighted Index and the Nasdaq-100 Ex-Tech Sector Index. The core Nasdaq 100 is, like the wider exchange itself, occupied largely by tech companies.
The move will see Moderna displace real estate company CoStar Group (NASDAQ: CSGP).
Source Fool.com
