Shares of Dream Finders Homes, Inc. (DFH) jumped nearly 14% on Thursday morning on the news that the company is set to join S&P SmallCap 600.
DFH is currently trading at $31.77, up $3.86 or 13.83%, on the NYSE. The stock opened its trading at $30.87 after closing Wednesday at $27.91. The stock has traded between $23.46 and $44.38 in the past 52-week period.
Dream Finders Homes will replace Haynes International (HAYN) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 25. Haynes International is being acquired in a deal expected to close soon pending final closing conditions.
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