Why RadNet Is Shooting Higher Today

Shares of RadNet (NASDAQ: RDNT), a company focused on outpatient diagnostic imaging services, jumped 14% as of 2:40 p.m. EST on Friday. The double-digit move is traceable to the news that the company is joining a small-cap index.

S&P Dow Jones Indices announced today that RadNet is replacing Gannett in its S&P SmallCap 600 index. This change goes into effect on Wednesday, Nov. 20.

Image source: Getty Images.

Continue reading

Source Fool.com