Here are some prospective movers to keep an eye on Monday, when the U.S. stock market, as of early Sunday evening Eastern time, appeared poised for a muted start to the new week.
Shares of Palo Alto Networks Inc. PANW, +0.21% rallied 5% late Friday after S&P Dow Jones promoted the $66 billion cybersecurity company to the S&P 500 index SPX, +1.45% in a series of quarterly index adjustments to account for market cap.
Shares of Planet Fitness Inc. PLNT, +0.92%, Zoominfo Technologies Inc. ZI, +2.08%, Doximity Inc. DOCS, +4.69%, and BWX Technologies Inc. BWXT, +2.49% moved 4% or more higher after hours Friday as S&P moved the stocks to its S&P MidCap 400 index MID, +3.27%
Meanwhile, shares of Crown Holdings Inc. CCK, +3.98%, Dropbox Inc. DBX, +2.11%, Graphic Packaging Holding Co. GPK, +3.48%, Wesco International Inc. WCC, +7.23% all rose at least 2% on their midcap index inclusion.
Dish Network Inc. shares DISH, +16.24% declined 3% after hours Friday as S&P made room for Palo Alto Networks by cutting the also cut the TV-services company from the large cap index, and moved it to the midcap index.
Cutera Inc. CUTR, +1.12% shares fell more than 5% in the extended session Friday after the skincare device maker was cut from S&P’s midcap index to make room for Dish, and moved down to the S&P Small Cap 600 index SML, +4.06%.
Shares of PetMed Express Inc. PETS, +3.24%, Children’s Place Inc. PLCE, +9.05%, Gannett Inc. GCI, +2.74% and LendingTree Inc. TREE, +7.89%, and Zumiez Inc. ZUMZ, -1.46% all fell more than 3% late Friday on their scheduled removal from the small cap index.
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