Keurig Dr Pepper Inc. Jumps 8% on S&P 500 Addition

This post was originally published on this site
© Reuters. Keurig Dr Pepper Inc. (KDP) Jumps 8% on S&P 500 Addition

Keurig Dr Pepper Inc. (NASDAQ:) is gaining 7.9% in pre-open trading Monday after being added to the .

On Friday, S&P Dow Jones Indices announced that Keurig Dr Pepper would replace Under Armour Inc. (NYSE:) in the index.

The change will be effective prior to the open of trading on Tuesday, June 21, (post close on Friday, June 17) to coincide with the quarterly rebalance.

S&P said the charges are being made to ensure each index is more representative of its market capitalization range.