Shares of Veeva Systems Inc. (VEEV) are climbing about 11 percent in Friday morning trading, possibly due to the company's announcement yesterday about replacing Coterra Energy Inc. in the S&P 500, effective before the opening of trading on May 7.
The company's shares are currently trading at $174.38 on the New York Stock Exchange, up 11.66 percent. The stock opened at $156.44 and has climbed as high as $175.00 so far in today's session. Over the past year, it has traded in a range of $148.05 to $310.50.
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