SiTime (SITM) Stock: Why The Price Jumped Today

By Amit Chowdhry ● Nov 23, 2021
  • The stock price of SiTime Corp (NASDAQ: SITM) increased by over 9% during intraday trading today. This is why it happened.

The stock price of SiTime Corp (NASDAQ: SITM) increased by over 9% during intraday trading today. Investors responded positively to SiTime announcing that the company will be added to the S&P MidCap 400 Index, effective prior to the opening of trading on Tuesday, November 30, 2021.

By being added to the S&P MidCap 400 Index, a number of passive funds would also add a substantial number of SiTime shares to their portfolios.

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