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Why Crescent Energy Stock Was Zooming Higher This Week
CRGYCrescent Energy Co(CRGY) The Motley Fool·2024-10-04 12:58

Say hello to the index effect. News of fresh inclusion on a well-known stock index was the catalyst sending shares of oil, gas, and natural gas liquids (NGL) conglomerate Crescent Energy (CRGY 0.89%) higher over the past few trading days. As of market close on Thursday, according to data compiled by S&P Global Market Intelligence, the company's stock had risen by nearly 12% week-to-date. Index advancement On Tuesday, S&P Dow Jones announced that Crescent Energy would be to the newest component stock of its ...