Why The Simply Good Foods Company Shot 11% Higher Today
Shareholders of the happily named The Simply Good Foods Company (NASDAQ: SMPL) had every reason to be jolly on Tuesday. Their company was tipped to be a component of a well-known stock index, and was rewarded with a nearly 11% pop in share price in the wake of the announcement.
S&P Dow Jones Indices, the company most famous for being the operator of the S&P 500 index, announced that Simply Good will join its S&P Small Cap 600 index, effective next Tuesday, Dec. 29. The stock replaces financial services company Kinsale Capital Group.
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Source Fool.com
