Why Kemet Shares Jumped Today

newsfeedback@fool.com (Evan Niu, CFA), The Motley Fool
Wed, 09/27/2017 - 8:12am

Shares of KEMET Corporation (NYSE: KEM) have jumped today, up by 13% as of 10:45 a.m. EDT, after S&P Dow Jones Indices announced that it would be adding the company to the S&P SmallCap 600 index, spurring buying among index funds that track the index.Among other index constituent changes, KEMET is replacing Astoria Financial in the S&P SmallCap 600, and the change will be effective "prior to the open of trading on Monday, October 2." As you can probably guess, the S&P SmallCap 600 measures the small-cap segment of the U.S.

Topics: corporation nyse kem s&p dow jones indices astoria financial october u.s kemet s&p smallcap as shares jumped today index

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Why Kemet Shares Jumped Today

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