Eclipsys added to SmallCap 600admin
It is reported that Shares of Eclipsys Corp. rose Friday after Standard & Poor’s said it will add the health care software maker’s stock to its S&P SmallCap 600 index. The Atlanta-based company will replace W-H Energy Services Inc. on the index as W-H Energy is being purchased by oilfield services provider Smith International Inc., S&P said.
Stocks that are added to indexes like the SmallCap 600 often trade higher as index funds add the shares to their holdings. Eclipsys shares rose 93 cents, or 4.9 percent, to $20.02 in afternoon trading. The date of the change has not been announced.
The SmallCap 600 tracks stocks with a market capitalization between $300 million and $2 billion. At Thursday’s close, Eclipsys had a market cap of $1.04 billion. Eclipsys stock touched a 22-month low of $17.07 in Tuesday trading.