Calix Stock (CALX): Why The Price Jumped Today

By Amit Chowdhry ● Dec 29, 2021
  • The stock price of Calix Inc (NYSE: CALX) increased by over 14% today. This is why it happened.

The stock price of Calix Inc (NYSE: CALX) increased by over 14% today. Investors responded positively to changes being made by the S&P Dow Jones Indices.

Calix Inc. (NYSE: CALX) will be replacing CIT Group Inc. (NYSE: CIT) in the S&P MidCap 400 effective prior to the opening of trading on Tuesday, January 4. First Citizens BancShares Inc. (NASD: FCNCA) is buying CIT Group in a deal expected to be completed soon pending final closing conditions.

Another change being made is that Douglas Elliman Inc. (NYSE: DOUG) is being added to the S&P SmallCap 600 prior to the open of trading on Thursday, December 30, replacing Matrix Service Co. (NASD: MTRX) – which will be removed from the S&P SmallCap 600 effective prior to the open of trading on Friday, December 31. S&P SmallCap 600 constituent Vector Group Ltd. (NYSE: VGR) is spinning off Douglas Elliman in a deal expected to be completed on December 30. Following the spin-off, Vector Group will remain in the S&P SmallCap 600. Matrix Service is no longer representative of the small-cap market space.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.