The stocks of cybersecurity firm CrowdStrike Holdings (CRWD), web hosting company GoDaddy (GDDY), and private-equity giant KKR (KKR) are being added to the benchmark
S&P 500 index effective June 24.
CrowdStrike, GoDaddy and KKR have each enjoyed big runs in their share prices over the past 12 months. Each stock has risen more than 75% in the last calendar year.
S&P Dow Jones Indices, which oversees the S&P 500, said that the stocks are more representative of the index’s large-cap holdings.
The trio replaces staffing company Robert Half (RHI), financial-services company Comerica (CMA) and biotechnology firm Illumina (ILMN), which are being removed from the S&P 500.
Robert Half and Comerica are moving to the S&P Small Cap 600 index, while Illumina is being placed in the S&P Mid Cap 400.
Shares of the three new S&P 500 components gained on news of their index inclusion. The stock of KKR is up nearly 10% in pre-market trading today (June 10).
The S&P 500 index is rebalanced and adjustments to its holdings are made towards the end of each quarter.
