Why Agiliti Shares Are Seeing Blue Skies Today

Agiliti Inc AGTI shares are trading higher by 14.01% to $19.69 Monday afternoon after it was announced on Friday the company will join the S&P SmallCap 600.

What Else?

Per S&P Dow Jones Indices, Agiliti, SJW Group SJW and Cushman & Wakefield plc CWK will replace LL Flooring Holdings Inc. LL, The Cato Corp. CATO and Diebold Nixdorf Inc. DBD respectively in the S&P SmallCap 600.

S&P Dow Jones Indices says the changes are being made to ensure each index is more representative of its market capitalization range. All companies moving to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies moving to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being discretionarily removed from the S&P SmallCap 600 are no longer representative of the small-cap market space.

See Also: Why Science Applications International Shares Hit A New 52-Week High Today

According to data from Benzinga Pro, AGTI has a 52-week high of $23.65 and a 52-week low of $14.15.