Financial Insights That Matter
Key Takeaways
- Shares of Palantir slipped Monday, while MicroStrategy rose, on Friday’s news that they will be added to the Nasdaq 100 index on Monday, Dec. 23, along with Axon Enterprise.
- The index, which contains the 100 largest non-financial sector companies in the Nasdaq Composite Index, is reconstituted annually.
- The additions will replace Super Micro Computer, Moderna, and Illumina.
Shares of Palantir Technologies (PLTR) fell Monday, while MicroStrategy (MSTR) rose, following the late-Friday news that the companies will join the Nasdaq 100 Index next week.
Axon Enterprise (AXON) will also join the index before trading opens on Dec. 23. The trio will replace Super Micro Computer (SMCI), Moderna (MRNA), and Illumina (ILMN), the Nasdaq said Friday.
Software maker Palantir dropped about 4% Monday morning, while major Bitcoin holder MicroStrategy rise 4%. Taser producer Axon dropped nearly 2%. Supermicro slipped almost 7%, while Moderna rose less than 1% and Illumina added 1.5%. (MicroStrategy may also be trading higher due its latest major Bitcoin buy.)
The Nasdaq 100, which contains the 100 largest non-financial sector companies in the Nasdaq Composite Index, is reconstituted annually in December and rebalanced quarterly to weight its constituents by market capitalization.
Among those being removed, Supermicro could be delisted from the Nasdaq altogether if it fails to file its delayed annual report by a February deadline. The server maker has also hired an advisory firm to assist in raising capital, Bloomberg reported Friday.
Correction: The changes to the Nasdaq 100 will take place on Dec. 23. An earlier version of this article incorrectly said they took effect today.
#1a73e8;">Boost Your Financial Knowledge and Achieve Stability
Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence.
#1a73e8;">Top Financial Tips for Saving and Investing
- Personal Finance Management: Master the art of budgeting, expense tracking, and building a strong financial foundation.
- Investment Opportunities: Stay updated on market trends, learn about stocks, and explore secure ways to grow your wealth.
- Expert Money-Saving Advice: Access proven techniques to reduce expenses and maximize your financial potential.