TBBK Stock: From $22.08 To $24.93 (12.91% Increase) Pre-Market Explanation

By Amit Chowdhry ● May 4, 2021
  • The stock price of Bancorp Inc (NASDAQ: TBBK) increased from $22.08 to $24.91 (up 12.91%) pre-market. This is why it happened.

The stock price of Bancorp Inc (NASDAQ: TBBK) increased from $22.08 to $24.91 (up 12.91%) pre-market. Investors are responding positively to a change in the S&P.

S&P SmallCap 600 constituent R1 RCM Inc. (NASDAQ:RCM) replacing Perspecta Inc. (NYSE:PRSP) in the S&P MidCap 400 and The Bancorp Inc. (NASDAQ:TBBK) replacing R1 RCM in the S&P SmallCap 600 effective prior to the opening of trading on Friday, May 7. This change was triggered by Veritas Capital acquiring Perspecta in a deal expected to be completed soon pending final conditions.

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