Iridium Joins S&P 600, Shares Surge

Iridiums stock surged 7.3% after being added to the S&P 600 index, a key small-cap stock list, during a routine rebalancing. The addition sparked fresh demand and lifted the price, but traders see it as positive yet not a game-changer for the core business. Despite the index boost, shares are down 38.6% year-to-date, sitting at $18.16, far below the 52-week high of $32.66.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.