Shares of First Advantage gained ahead of joining an index that tracks the performance of small companies.
The stock rose 5.8% to $20.68 on Monday. Shares are up 42% year to date.
S&P Dow Jones Indices, a division of S&P Global, said First Advantage would join its S&P SmallCap 600 index prior to the opening of trading on Tuesday, replacing Kennedy-Wilson Holdings.
The changes comes as a consortium led by Kennedy-Wilson Holdings's chief executive, and which includes Fairfax Financial Holdings Limited, plans to acquire Kennedy-Wilson Holdings in a deal expected to close soon, according to S&P.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
July 13, 2026 12:38 ET (16:38 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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