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Off Topic => Engineering => Topic started by: Nemesis on July 18, 2009, 02:21:37 pm

Title: Red Hat joins the S&P 500
Post by: Nemesis on July 18, 2009, 02:21:37 pm

Link to full article (http://blog.internetnews.com/dneedle/2009/07/tech-beats-finance-red-hat-joi.html)

Quote

Standard and Poor’s announced that Red Hat would join the S&P 500 as of the close of trading on Friday. Red Hat replaces lender CIT Group, which had a market capitalization below $275 million, ranking it 500th in the index.

The market seemed to like the S&P news. In after hours trading Friday, Red Hat was up 8.45 percent to $22.34.