New York, Dec 1 (EFE).- American ride-hailing company Uber would enter the S&P 500 stock index on Dec. 18, some four years after its debut on the New York Stock Exchange, as reported Friday by the managing entity from the market.<\/p>
Uber would be added to the index to replace the company Sealed Air, a change that is part of the quarterly adjustments of the manager S&P Dow Jones Indices to “ensure that each index is representative of its market capitalization range,” a statement read.<\/p>
The announcement of the listing came after the close of Wall Street and was well received by investors, as Uber shares soared almost 5.6 percent in subsequent electronic trading.<\/p>
Members of the S&P 500 must have a capitalization of more than $14.5 billion, positive results in their most recent quarter and in the four previous quarters as a whole, CNBC reported.<\/p>
The listed company has appreciated 132 percent since the beginning of 2023 and has a capitalization of $116 billion.<\/p>
According to its latest results, Uber has earned a cumulative $458 million in the first nine months of its fiscal year in 2023, a considerable improvement after losing $9.73 billion in the same period of 2022. EFE<\/p>
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