Shares in CrowdStrike Holdings (NASDAQ:), KKR & Co. (NYSE:), and GoDaddy (NYSE:) rose higher on Monday, driven by a Friday announcement that these companies will join the S&P 500 index at market open on June 24.
According to index provider S&P Dow Jones Indices, CRWD, KKR, and GDDY are considered more representative of the S&P 500’s large-cap range. Their shares climbed 6%, 7.7%, and 2.8% in the premarket trading, respectively.
They will replace staffing company Robert Half (NYSE:), Comerica (CMI), and biotech company Illumina (NASDAQ:). The former two will move to the S&P SmallCap 600, while Illumina will transition to the S&P MidCap 400.
Moreover, BioMarin Pharmaceutical (NASDAQ:) and Warner Music Group Corp. (WMG) are set to be added to the S&P MidCap 400 as part of the quarterly rebalance, with shares of both companies also rising in premarket trading on Monday.