Cerence Adds 13% On News Of Addition To S&P Index

Shares of AI-powered automotive assistants provider Cerence Inc. (CRNC) are up more than 13% Friday morning on the news of its addition to the S&P MidCap 400.

Cerence, which debuted on the Nasdaq in October 2019, is scheduled to be added to the S&P MidCap 400 on July 7, 2021.

CRNC, currently at $123.53, has been trading in the range of $34.23- $139 in the last one year.

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