Why Are Match Group Shares Trading Higher Today?

Online dating services provider Match Group Inc MTCH will join the S&P 500, effective September 20, 2021.
Match, which owns the Tinder dating app and has a market value of around $41 billion, will be added to the benchmark, replacing the drugmaker Perrigo Co PLC PRGO.
Ceridian HCM Holding Inc CDAY and Brown & Brown Inc. BRO will also join the S&P 500.
Perrigo Company will replace WW International Inc. WW in the S&P MidCap 400.
Price Action: MTCH shares traded higher by 8.31% at $160.50 in the premarket session on the last check Tuesday.