Genpact jumps as set to join S&P MidCap 400

Unitil

28/04/2021 14:18

** Shares of IT services firm Genpact  G.N  up ~10% at
record high $49.48 premarket on news of S&P Midcap 400  .IDX 
inclusion
    ** Genpact set to join IDX prior to open of trading on Mon,
May 3, to replace Genworth Financial  GNW.N   urn:newsml:reuters.com:*:nPn6qDgFsa
    ** In turn, GNW moving to SmallCap 600  .SPCY  to replace
Glu Mobile  GLUU.O , which is being acquired by video game
developer Electronic Arts  EA.O   urn:newsml:reuters.com:*:nL4N2KE4FE
    ** In addition, electric and natgas utility Unitil Corp
 UTL.N  to join SPCY, replacing Waddell & Reed Financial  WDR.N 
ahead of its expected acquisition by Macquarie Group
    ** 7 of 10 analysts covering G rate stock "buy" or stronger,
rest are neutral: median PT is $49.50, per Refinitiv data
    ** YTD, G's stock ~9% through Tues close

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