Shares of BILL Holdings, Inc. (BILL) are gaining nearly 5% on Thursday morning on the news that the financial software provider is set to join the S&P MidCap 400.
BILL is currently trading at $87.74, up $4.05 or 4.84%, on the NYSE. The stock opened its trading at $89.10 after closing Wednesday at $83.69. The stock has traded between $43.11 and $97.86 in the past 52-week period.
S&P Dow Jones Indices announced that BILL Holdings will replace Lennox International Inc. (LII) in the S&P MidCap 400, effective prior to the opening of trading on Monday, December 23.
Meanwhile, S&P MidCap 400 constituent Lennox International will replace Catalent Inc. (CTLT) in the S&P 500, as Novo Holdings A/S has acquired Catalent in a deal that closed on December 18.
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