On Monday, April 22, Duolingo (DUOL) will be added to the S&P MidCap 400 index, replacing Cable One (CABO), as announced by Dow Jones S&P Indices on Wednesday. Meanwhile, Cable One will take the place of M.D.C. Holdings (MDC) in the S&P SmallCap 600 index. Both Duolingo and Cable One experienced an increase in their stock value overnight, with Duolingo’s inclusion in the MidCap 400 index leading to a rise of over 6% in its stock price, indicating a movement towards its 50-day moving average. Cable One’s inclusion in the SmallCap 600 index is expected to benefit the company as more funds track this index, resulting in a 2.9% increase in its stock value during late trading. Japan’s Sekisui House is close to finalizing its acquisition of homebuilder MDC. For updates and analysis on the stock market and other topics, follow Ed Carson on Threads at @edcarson1971 and Twitter at @IBD_ECarson. IBD Digital offers a range of tools and resources for investors, including quick profits strategies, growth stocks lists, premium stock selections, and market insights. The market has recently experienced another sell-off, with key earnings due soon. Stay informed about current market conditions with IBD Digital’s comprehensive coverage.
