NYSE:RNGSoftware
RingCentral (RNG) Is Up 6.4% After Joining Key S&P Indexes Has The Bull Case Changed?
RingCentral, Inc. (NYSE: RNG) was recently added to the S&P SmallCap 600, the S&P 600 Information Technology sector index, and the broader S&P Composite 1500, following its replacement of Hillenbrand Inc. after that company’s pending acquisition by Lone Star Funds.
This index inclusion broadens RingCentral’s exposure to institutional investors and index-tracking funds, potentially increasing trading liquidity and embedding the stock more deeply into benchmarked portfolios.
With RingCentral...