Grizzly Weinstein (sea_gaagii) wrote,
Grizzly Weinstein

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Whole Foods being added to S&P 500

It was announced yesterday that Whole Foods (WFMI) will be added to the S&P 500. Today it is up ~5% and has reached a new high. It has also just split (which IMO is worthless but fun). When a stock gets added to the index it often goes up as many people purchase the stock via index funds, therefore the demand increases. This stock is making me very happy (I have many stocks that make me sad).
Tags: wfmi

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