Mid-size Stocks Shine as Top Performers Graduate to S&P 500
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Erie Indemnity becomes the most valuable midsize stock after Super Micro and Deckers Outdoor graduate to the S&P 500.
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Shares of Celsius Holdings and Vistra have surged nearly 60% and 50% respectively in 2023 on strong growth.
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The changes allow the S&P 500 and S&P MidCap 400 indexes to better represent their respective market capitalization ranges.
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Ambitious smaller companies move up to fill the void left by graduating midsize companies.
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Several midsize companies like Pure Storage, Hyatt Hotels, and Carlyle Group have posted double-digit stock growth this year.