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Pegasystems Set to Join S&P MidCap 400

  • Pegasystems Inc. Will join the S&P MidCap 400 index on May 22, 2025, replacing Nordstrom following its acquisition.
  • This inclusion follows Pegasystems meeting the market capitalization threshold and occurs as Nordstrom is removed due to a family and corporate acquisition.
  • Being added to the index generally results in greater institutional investment, improved liquidity, more analyst attention, and heightened demand from passive funds that track the index.
  • The change is expected to improve Pegasystems' stock liquidity and visibility, with shares last trading at $103.61 and volume reaching 398,423 before market open.
  • This event validates Pegasystems' market standing and suggests wider investor audience access and potential stock price stabilization during volatility.
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The Times of Northwest IndianaThe Times of Northwest Indiana
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Pegasystems Set to Join S&P MidCap 400

NEW YORK, May 19, 2025 /PRNewswire/ -- Pegasystems Inc. (NASD: PEGA) will replace Nordstrom Inc. (NYSE: JWN) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, May 22. The Nordstrom family and El Puerto de…

·Cherokee County, United States
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cedarnews.net broke the news in on Monday, May 19, 2025.
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