On Monday, April 22, Duolingo (DUOL) will be added to the S&P MidCap 400 index, replacing Cable One (CABO). The announcement was made by Dow Jones S&P Indices on Wednesday. As a result of this inclusion, various funds that track the index will need to add DUOL stock to their portfolios. This led to an increase in Duolingo’s stock value by over 6%, indicating a movement towards the 50-day moving average.
Meanwhile, Cable One stands to benefit from being included in the S&P SmallCap 600 index, as more funds track this index. This led to a 2.9% increase in Cable One’s stock value during late trading. Additionally, Japan’s Sekisui House is on track to finalize its acquisition of homebuilder MDC.
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