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Harmony Biosciences Shares Gain 15% As It's Set To Join S&P SmallCap 600

Shares of Harmony Biosciences Holdings, Inc. (HRMY) are gaining nearly 15% on Tuesday morning on the news that it is set to join S&P SmallCap 600.

HRMY is currently trading at $43.55, up $5.52 or 14.51%, on the Nasdaq. The stock has traded between $25.09 and $52.74 in the 52-week period.

Harmony Biosciences will replace Retail Properties of America Inc. (RPAI) in the S&P SmallCap 600 effective prior to the open of trading on Friday, October 22.

Kite Realty Group Trust is acquiring Retail Properties of America in a deal expected to close soon pending final closing conditions.

Meanwhile, S&P SmallCap 600 constituent Kite Realty will replace LendingTree Inc. (TREE) in the S&P MidCap 400, LendingTree will replace Kite Realty Group Trust in the S&P SmallCap 600.

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