March 27, 2019 / 2:32 PM / 7 months ago

BUZZ-Xenia Hotels & Resorts jumps on addition to S&P 600

** Shares in Xenia Hotels & Resorts up 6.6 pct at $21.31 after S&P Dow Jones Indices announced late Tues it would add the stock to the S&P 600 small cap index

** XHR hits $21.74, highest point since Oct 18. Even after paring gains, on track for biggest one-day pct gain since Mar 2015. Outperforms NYSE Composite, which is flat; XHR trading volume 2.0x 10-DMA

** Starting on Apr 1, Xenia will replace Trex Co in S&P 600. TREX trading down 2.8 pct on the day. S&P is moving TREX to S&P 400 midcap index

** Ivan Cajic, index and ETF researcher at Virtu ITG Canada Corp wrote that he anticipates indexer demand of 10.7 mln shares for XHR, but indexer supply of 0.6 mln shares for TREX

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below