Crescent Energy tracking record daily gain on S&P SmallCap inclusion
02/10/2024 20:39
(Updates stock activity, milestone)
** Crescent Energy's CRGY.N shares jump 11.1% to $12.42 on
brisk volume Weds as co poised to join S&P SmallCap 600 index
.SPCY this week
** CRGY hits over 2-mth high and on track for biggest
one-day pct gain on record
** Houston-based oil and gas producer to join SPCY effective
before market open on Fri (Oct 4), S&P Dow Jones said after the
bell Tues
** Crescent to replace digital consultancy firm Perficient
Inc PRFT.O , which is being acquired by Swedish private equity
firm EQT AB EQTAB.ST
** About 9 mln shares have traded so far on Weds vs stock's
10-DMA volume of ~2.8 mln, per LSEG data
** Even with gain on the session, CRGY down 6% YTD
** 8 of 10 analysts covering stock rate it "strong buy" or
"buy", rest "hold" with median PT of $16, down from $18 a month
ago - LSEG
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))