(Reuters) - Shares of companies joining the S&P 500 often rise because
many investors try to track the index and are required to buy
shares of companies that enter it.
MEMC shares closed Tuesday up 84 cents at $57.43 on the New
York Stock Exchange. They rose $1.82, or 3.2 percent, to $59.25
in after-hours electronic trading following S&P's
announcement.
Read more at Reuters.com Mergers News
many investors try to track the index and are required to buy
shares of companies that enter it.
MEMC shares closed Tuesday up 84 cents at $57.43 on the New
York Stock Exchange. They rose $1.82, or 3.2 percent, to $59.25
in after-hours electronic trading following S&P's
announcement.
Read more at Reuters.com Mergers News
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