Shockwave Medical surges on S&P MidCap entry

Shockwave Medical

06/06/2022 14:09

** Shockwave Medical Inc's  SWAV.O  shares up 9.4% at
$177.60 before the bell as co to join S&P MidCap index  .IDX 
later this month
    ** Cardiovascular medical device firm to be added to IDX
prior to market open on Jun 21 as part of S&P Dow Jones Indices'
qtrly rebalance  urn:newsml:reuters.com:*:nPn9Mx6zCa
    ** SWAV and life sciences tools co Sotera Health  SHC.O 
both to replace apparel retailer Urban Outfitters  URBN.O  and
digital ad provider LiveRamp Holdings  RAMP.N . SHC up 9.0% at
$23.45 premarket
    ** In turn, URBN and RAMP to move to S&P SmallCap 600 index
 .SPCY 
    ** YTD, SWAV down ~9% vs Nasdaq's  .IXIC  23% decline
through Fri close. Co has ~$5.8 bln market cap, per Refinitiv
    ** Avg rating among 7 analysts is "buy"; median PT of $185
down from $235 a month ago - Refinitiv

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))