Why Nutanix Stock Is Trading Higher Monday

Nutanix Inc NTNX shares are trading higher Monday afternoon following a Friday announcement from S&P Global that the cloud computing company will be added to the S&P MidCap 400 index. The change is set to take effect prior to the opening of trading on Monday, Sept. 22.Check the market position of NTNX here.The inclusion of Nutanix in the widely followed index is a significant milestone for the company. Index inclusion typically leads to increased demand for a company’s shares from index funds and other inst ...