Hims & Hers Health surges on S&P SmallCap addition

JAPAN TOBACCO

07/10/2024 15:20

** Hims & Hers Health's  HIMS.N  shares surge early Mon as
telehealth firm poised to join S&P SmallCap 600 index  .SPCY 
this week
    ** Stock last up 12.3% at $19.84, highest since Jul 31, on
track for biggest daily gain since May 28
    ** HIMS to replace Vector Group  VGR.N  before the bell on
Weds, S&P Dow Jones Indices announced late Fri
    ** Japan Tobacco  2914.T  announced $2.4 bln acquisition of
VGR in Aug
    ** HIMS has ~216.45 mln shares outstanding giving it ~$4.3
bln market cap, per LSEG
    ** With move on Mon, stock up >120% YTD. Stock was trading
around $6.30 a year ago
    ** 6 of 14 analysts rate HIMS "strong buy" or "buy", rest
"hold" with $22 median PT

 (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))