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- 02/27/2017

Incyte is moving to the S&P 500 and the stock is rallying

Pharma Horizon

On Friday ( 24th February) shares of Incyte closed more than 7 percent higher on news that the pharmaceutical company will join the S&P 500, replacing  Spectra Energy from Tuesday 28th Febraury.

Incyte specializes in oncology products and will be added to the S&P 500’s biotechnology sub-industry index, according to the S&P Dow Jones Indices  press release.

Incyte shares hit a 52-week high Friday and are up about 30 percent for the year so far.


Source: CNBC