News Formal

ServiceNow's stock jumps on cloud company's addition to the S&P 500

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Cloud software vendor ServiceNow was added to the S&P 500 on Monday, replacing Celgene, which is being acquired.

to the S&P 500, a move that will likely expand the company's shareholder base to include investors in big index funds.

Since its IPO in 2012, ServiceNow has been on a tear. The stock has climbed more than 1,000% over that stretch, closing on Monday at $266.31, giving the company a market cap of over $50 billion. In its seven years on the public market, it's outperformedServiceNow's entry into the index comes less than a month after the company named ex-SAP chief

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 things to know before the stock market opens MondayU.S. stock futures were pointing to all-time highs at Monday's open for the Dow, S&P 500 and Nasdaq.
Source: CNBC - 🏆 12. / 72 Read more »