BUSINESSQUARTZ
Marvell Technology stock surges in premarket after landing a spot in the S&P 500
Marvell Technology's stock surged in premarket trading after it was added to the S&P 500 index. The company will join the benchmark index on June 22 as part of a quarterly rebalance, along with electronics manufacturer Flex.
Related Signal
Adjacent reporting
- Marvell Technology jumps almost 9% in premarket after news it will join the S&P 500 index
- Lumentum’s fiery stock rally earns it a spot in this hot index
- US Premarket Movers: Hims & Hers, PPG Industries, QuidelOrtho
- Marvell’s stock is on a run not seen in a quarter-century as the tech company grows in stature
- US Premarket Movers: BRP, Cloudflare, Robinhood, Snap, Webull
- Cerebras’s stock set to rocket, as early indications point to a near doubling