SolarWinds (SWI) Soars 0.65% Amid Index Replacement News
Mover TrackerWednesday, Apr 9, 2025 8:32 pm ET
1min readSolarWinds (SWI) shares rose 0.65% today, marking the second consecutive day of gains, with a total increase of 1.15% over the past two days. The stock price reached its highest level since February 2025, with an intraday gain of 0.76%.
SolarWinds Corp. (SWI) is set to be replaced by
Inc. (ACT) in the S&P SmallCap 600 Index. This change, effective in April 2025, could impact the stock price due to potential shifts in investor interest and fund allocations. The removal from the index may lead to a decrease in demand for shares, as funds tracking the S&P SmallCap 600 Index will need to sell their holdings in to comply with the index's composition.Wellington Management Group LLP has purchased 1,049,310 shares of SolarWinds, indicating a significant investment in the company. This acquisition could influence the stock's market perception and price, as Wellington Management Group LLP is a prominent investment management firm with a substantial impact on the market. The purchase may signal confidence in SolarWinds' future prospects, potentially attracting more investors and driving up the stock price.
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