Roivant rallies as co poised to join S&P MidCap index

PGT Innovations

27/03/2024 14:10

** Roivant Sciences'  ROIV.O  shares up 6.4% at $10.73, a
2-week high, in early Weds trade as biotech firm poised to enter
S&P MidCap 400 index  .IDX  next week
    ** ROIV on course for biggest daily pct gain in six months
    ** ROIV to replace Sunrun Inc  RUN.O  in IDX effective Mon,
Apr 1, S&P Dow Jones Indices said late Tues
    ** In turn, residential solar co RUN to replace PGT
Innovations  PGTI.N  in S&P SmallCap 600 index
    ** Window and door maker PGT Innovations being acquired by
Miter Brands after ditching deal with Masonite  DOOR.N 
    ** ROIV has about $8.6 bln market cap, per LSEG data
    ** With move on Weds, stock down ~4% YTD after 41% rise in
2023
    ** Avg rating among 13 analysts covering ROIV is "buy" and
median PT is $16 - 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))