Daily Poll: Back to glory? GME stock is possibly returning to S&P 500.
The individual-investor darling $GameStop (GME.US)$ . is now three times as valuable as the smallest S&P 500 stocks, thanks to a sharp run-up in its shares in August. Some traders are betting GameStop could take another leap higher if S&P Dow Jones Indices adds the stock to the S&P 500 when it is rebalanced later this year.
what is s&p500
what is s&p500
Getting a stock into the most widely watched index isn’t a straightforward or predictable process. Unlike indexes including the $Vanguard Russell 2000 ETF (VTWO.US)$ , whose makeup is primarily determined by criteria including market capitalization, the $S&P 500 Index (.SPX.US)$ is constructed by a committee of human beings. The identities of the committee members, who are full-time staffers at S&P Dow Jones Indices, are kept anonymous.
what is Russell 2000
what is Russell 2000
"Entrance to the S&P 500 is a combination of both art and science," said Art Hogan, chief market strategist at National Securities Corp.
According to Yahoo Finance, the company currently has a float of 56 million shares. 45% owned by institutions. RC Ventures, Blackrock and Vanguard are the top holders, with 13%, 9% and 8% of the shares, respectively.
I think they are much more desperate to see it happens than you guys lol.
I think they are much more desperate to see it happens than you guys lol.
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Jgerich : Glory Glory GME!
VanillaThunder : Diamond balls forever
Spearhead : yea let's go
capper_ : Have a chance to jump on the rocket!
AN2Y : Good Company. need to be recognized.
JoeBiden : stonks
Alesh : Yay
Yamikat : Let’s go!