Fulgent Genetics to be part of S&P 600 small cap index, shares rise

Fulgent Genetics

22/09/2020 15:21

** Shares of genetic testing company  FLGT.O  rise 8.9% to
$40.94
    ** Company to replace Garrett Motion in the S&P 600 small
cap index before markets open on Sept. 25  urn:newsml:reuters.com:*:nPn7ryNJba
    ** Garrett Motion filed for bankruptcy protection on Sunday
and is ineligible to be part of the index 
    ** Garrett has been struggling with heavy debt due to a
payment settlement dispute with former parent Honeywell
International Inc  HON.N  and the COVID-19 pandemic  urn:newsml:reuters.com:*:nL3N2GI07F
    ** FLGT stock has tripled in value so far this year 

 (Reporting by C Nivedita in Bengaluru)
 ((C.Nivedita@thomsonreuters.com;))