Shares of Polo Ralph Lauren(RL Quote) will replace those of Comverse Tech(CMVT Quote) in the S&P 500 index after the market close on Thursday.
Comverse was removed from the S&P 500 on Wednesday, pursuant to its delisting by Nasdaq before Thursday's market open, S&P said. Shares of Polo Ralph Lauren rose 3.2% in after-hours trading Wednesday to $84.65; index funds would be expected to acquire shares Thursday to match the S&P 500 components.- Loading Comments...
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