GameStop to join S&P MidCap 400 index next week

Reuters2021-07-28

July 27 (Reuters) - S&P Dow Jones Indices said on Tuesday GameStop, one of the hottest and most visible ‘meme stocks’, will join the S&P MidCap 400 index next week.

GameStop’s shares have surged more than nine fold this year, helped by a social media hype and was the spark in January for a battle casting hedge fund short-sellers against a pack of small-time investors organizing online.

The company, currently a part of S&P SmallCap 600, will replace Weingarten Realty Investors in the S&P MidCap 400. Lakeland Financial Corp will take GameStop’s place in the S&P SmallCap 600.

GameStop, like others meme stocks that have lit up Wall Street since January, has sold millions of dollars in new stock.

The company is trying to pivot to e-commerce and recently hired a former Amazon official as its new chief executive officer to steer it through the transition.

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Comments

  • BennyB
    2021-07-29
    BennyB
    Interesting. Still diamond tho.
  • jsjeiwjxiejeikdkd
    2021-07-28
    jsjeiwjxiejeikdkd
    .
  • Imnotbryan
    2021-07-28
    Imnotbryan
    “against a pack of small-time investors organizing online.” MSM BULLCRAP, this is disgusting 
  • melontan
    2021-07-28
    melontan
    To the moon yeah!
  • BANBANLUCK
    2021-07-28
    BANBANLUCK
    Thank u 
  • nivlac
    2021-07-28
    nivlac
    What a joke 
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